FSMIS (February 14, 2014): On February 11, Federated States of Micronesia President Manny Mori shared with the FSM Congress information on the offer from the Government of the Republic of Korea under its International Cooperation Plan.
"I present my compliments and wish to transmit the attached Note Verbales from the Government of the Republic of Korea regarding its International Cooperation Plan offered to the FSM. The planned assistance is in the amount of USD 300,000 to support and assist the FSM for a small passenger vessel or a small project within that limit."
The President further explained that a specific project for the offer has not been fully identified.
"Once a project is identified we will share a resolution requesting approval from Congress", he expressed in his letter to Speaker Dohsis Halbert.