FSM receives $6.6 Million Compact grants

Recent information from the United States Embassy in Nett shows a transfer of $6,677,016 in Compact grants during the month of March with specific amounts for the following sectors as follows:

Health Sector Grants $1,813,967

Education Sector Grants $1,650,000

Infrastructure Grants $1,500,795

Supplementary Education Grants $ 816,000

Capacity Building Grants $ 467,254

Environmental Sector Grants $ 170,000

Private Sector Development Grants $ 165,000

Enhanced Reporting and Accountability Grants $ 94,000 

These amounts will fund various sectoral activities at the State Governments and the FSM National Government in the following distribution:

National Government $548,221

Chuuk $2,235,000

Kosrae $1,145,113

Pohnpei $1,322,689

Yap $1,425,993 

Compact-related sectoral activities are approved through a rigorous annual budget consultative process between the FSM and the United States that ends with the Joint Economic Management Committee (JEMCO) process. 

Adherence to funding purposes are ensured through periodic review and other control methods.

For further information, call the FSM Department of Finance and Administration, Investment Division at 320-2640 or write fsmpio@mail.fm.