Micronesian Counselor, Issue 45

Hezel, Francis X. (2003-02-03). Micronesian Counselor, Issue 45. Micronesian Counselor (Report). Kolonia, Pohnpei: Micronesian Seminar. pp. 1–8.

• Has attachment: File:KSKQAC4S.pdf

Abstract: The lead article, Power or Partnership? Making the New Compact Work, by Francis X. Hezel, S.J., examines the financial and political implications of the second Compact of Free Association between the FSM and the United States. It recounts the background of the original Compact negotiations, highlights key Micronesian leaders of that era, and considers the concessions and benefits agreed upon in exchange for continued U.S. support. The essay asks whether the FSM can apply lessons from past spending to ensure that Compact II resources yield greater long-term results.

Additional sections note fiscal challenges in Chuuk and Pohnpei, debates in Kosrae and Yap over allocating infrastructure funds, and comparisons with Compact implementation in the Marshall Islands. The issue also includes short commentary on leadership accountability and the importance of transparent reporting in using external aid.