FSM Receives Compact Sector Grant Awards Totaling $62 million for FY2013

Palikir, POHNPEI (FSM Office of SBOC) – On November 8, 2012 the Office of Insular Affairs issued seven Grant Awards to the Federated States of Micronesia totaling $50,709,947. The Grant Awards are the result of the Joint Economic Management Committee’s recent allocation resolution for fiscal year 2013. Earlier in the fiscal year, on October 19, 2012, the Office of SBOC’s Division of Compact Management also received this year’s Supplemental Education Grant (SEG) in the amount of $11,751,632. The eight grant awards totaling $62,461,579 have been apportioned to the five FSM governments according to FSM law.

	National 10%	Chuuk    38%	Kosrae 10.9%	Pohnpei 25.31%	Yap 15.79%	TOTAL
Education	$4,252,868	$2,504,071	$2,439,446	$7,374,354	$3,874,645	$20,445,384
Health	$895,705	$8,608,714	$2,111,506	$5,768,196	$3,308,441	$20,692,562
Public Sector	0	$1,516,597	$502,060	$421,057	$506,514	$2,946,228
Private Sector	0	$795,369	$782,462	0	$795,663	$2,373,494
Environment	0	$685,341	$215,903	$352,223	$364,550	$1,618,017
ERA	$222,450	$619,095	$177,582	$288,645	$173,465	$1,481,237
Infrastructure	$1,153,025	0	0	0	0	$1,153,025
SEG	$1,175,162	$4,465,620	$1,280,928	$2,974,339	$1,855,583	$11,751,632
TOTAL	$7,699,210	$19,194,807	$7,509,887	$17,178,814	$10,878,861	$62,461,579

JEMCO concluded at its September Annual Meeting that the Compact Infrastructure Sector Grant, which accounts for thirty percent of Amended Compact funding, would only be issued to fund the FSM’s Project Management Unit. Further allocations would be contingent upon OIA’s receipt of an updated Infrastructure Development Plan.

JEMCO also agreed to fund only the first quarter of Chuuk State’s Education Sector Grant budget, pending the outcome of a high level meeting to review progress and implementation of the Chuuk Education Reform Plan. This meeting took place on November 2-3, 2012 in Weno, Chuuk and based on the communiqué issued, work is currently underway to secure JEMCO allocation of the remainder of Chuuk’s FY13 Education Sector funding.
For further information, please visit the Office of Statistics, Budget and Economic Management, Overseas Development Assistance & Compact Management (SBOC) website at www.sboc.fm or contact the SBOC Division of Compact Management at (691) 320-6260 or email Assistant Director for Compact Management, Ms. Suzanne Lowe Gallen at slowe@sboc.fm