Palau Compact funded $123M through 2024
WASHINGTON—The newly signed 2018 Omnibus Funding Agreement includes $123 million in funding through 2024 for the 2010 Palau Compact Review Agreement, as agreed to between the United States and the Republic of Palau.
U.S. Interior Secretary Ryan Zinke said the Compact agreement is an important element of the Pacific national security strategy to maintain stability in the Western Pacific Region.
“Interior has held a long, historic relationship with Palau and other U.S.-affiliated Pacific Islands and we look forward to continuing our role on behalf of the U.S. Government in providing these funds to the government of Palau.”
“We will be working closely with the State Department and other federal partners to move forward as quickly as possible,” added Doug Domenech, the assistant secretary for Insular and International Affairs.
The U.S. and Palau governments will need to meet to update the funding schedule of the 2010 agreement which required specific annual outlays of funds.
