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Media Release

U.S. Allocates $115 Million in Compact Grant Assistance to FSM For Fiscal Year 2009

October 29, 2008

On October 7, the Government of the Federated States of Micronesia agreed to the allocation of $115,864,828 in funding from the United States Government under the Compact of Free Association for the new fiscal year. These allocated funds will be divided monthly during the course of Fiscal Year 2009 among the following compact grant sectors:

Education Sector $29,867,423
Health Sector $23,425,463
Infrastructure Sector $48,428,760
Environment Sector $585,658
Private Development Sector $1,766,669
Supplemental Education Grant $11,790,855
TOTAL FUNDING ALLOCATED TO FSM: $115,864,828

Included in the Health Sector amount above is $1,947,620 in Compact funding to assist the FSM in its efforts to contain a recent multi-drug resistant (MDR) outbreak of tuberculosis in the State of Chuuk.

At present, approximately $4.8 million in Compact Sectoral Grant Assistance for Fiscal Year 2009 remains unallocated.

For additional information regarding the Compact of Free Association between the United States and the Federated States of Micronesia, please visit the DOI OIA Compact Website.