{"id":216844,"date":"2015-12-17T04:00:13","date_gmt":"2015-12-16T18:00:13","guid":{"rendered":"http:\/\/www.saipantribune.com\/?p=216844"},"modified":"2015-12-17T04:00:13","modified_gmt":"2015-12-16T18:00:13","slug":"fsm-gets-9-9m-compact-payments","status":"publish","type":"post","link":"https:\/\/www.saipantribune.com\/index.php\/fsm-gets-9-9m-compact-payments\/","title":{"rendered":"FSM gets $9.9M Compact payments"},"content":{"rendered":"

WASHINGTON, D.C.<\/strong>\u2014In October and November of 2015, the Federated States of Micronesia\u2019s Department of Treasury and Administration received grant assistance payments from the U.S. government totaling $9.9 million. These payments, provided under the Compact of Free Association agreement, included financial assistance for sectors identified as priorities under the Compact such as health, education, infrastructure, public sector capacity building (all otherwise known as Compact Sector Grants), as well as Supplementary Education Grants.<\/p>\n

Included in the Public Sector Capacity Building grant are funds that continue support for the Institutional and Capital Recovery Plan for the Chuuk Public Utilities Corp.\u00a0The Joint Economic Management Committee, which votes on Compact assistance, has allocated funding since 2011 in support of the CPUC recovery plan, resulting in Chuuk having increasingly reliable power among all four states in the FSM.<\/p>\n

The Public Sector Capacity Building grant has also enabled the CPUC to rehabilitate the Chuuk water system, an improvement that will support a new power plant in Tonoas.\u00a0As reported in their November newsletter, CPUC officials met recently with landowners, municipal officials, and other interested parties in Tonoas to discuss rehabilitation of the water system.\u00a0The project, funded through a $750,000 grant, will support the Tonoas community, the soon to be completed power plant, and the coconut processing plant project, all of which are expected to be built in 2016.<\/p>\n

The CPUC has also instituted a \u201cscratchcard\u201d system for a cash-purchase power system in Tonoas through a $140,000 Public Sector Capacity Building grant. Customers in Tonoas using the \u201cscratchcard\u201d pre-payment metering system, will also be able to purchase power from retail stores around the island once the power plant is complete.<\/p>\n

Finally, the CPUC reports that the Sewer Treatment Plan Rehabilitation project, funded through prior year Public Sector Capacity Building funding, should be completed in early 2016.<\/p>\n

The breakdown for Compact Grants in October and November 2015 follow:<\/p>\n

\u2022 Education: $ 3,771,000
\n\u2022 Health: $ 3,138,000
\n\u2022 Infrastructure: $ 1,211,158
\n\u2022 Supplementary Education Grant: $660,000
\n\u2022 Public Sector Capacity Building: $485,450
\n\u2022 Environment: $263,000
\n\u2022 Enhanced Reporting and Accountability: $216,000
\n\u2022 Private Sector Development: $169,000<\/p>\n

The amounts listed above are distributed among each FSM state:
\n\u2022 Chuuk: $4,269,866
\n\u2022 Kosrae: $1,150,999
\n\u2022 Pohnpei: $2,677,533
\n\u2022 Yap: $1,815,210<\/p>\n

The Compact provides approximately 90 percent of the FSM\u2019s annual budget for health, education, and infrastructure development and maintenance.<\/p>\n

The close relationship between the U.S. government and the Federated States of Micronesia is enshrined in the Compact of Free Association, under which\u00a0the United States also provides guaranteed financial assistance over a 20-year period in exchange for full international defense authority and responsibilities.\u00a0U.S. assistance through direct annual Compact grants will be replaced in 2023 by distributions from the Trust Fund for the people of the Federated States of Micronesia, as established under the amended Compact of Free Association. (OIA)<\/strong><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

WASHINGTON, D.C.\u2014In October and November of 2015, the Federated States of Micronesia\u2019s Department of Treasury…<\/p>\n","protected":false},"author":28,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[915,50,8727,1589],"class_list":["post-216844","post","type-post","status-publish","format-standard","hentry","category-pacific","tag-cpuc","tag-power","tag-supplementary-education-grants","tag-washington"],"_links":{"self":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/216844","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/users\/28"}],"replies":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/comments?post=216844"}],"version-history":[{"count":0,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/216844\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/media?parent=216844"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/categories?post=216844"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/tags?post=216844"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}