First 5-year Review of the Compact for the Fsm, Covering December 17, 2003 to September 30th, 2008

First 5-year Review of the Compact for the Fsm, Covering December 17, 2003 to September 30th, 2008 (PDF) (Report). Washington, DC: Office of Insular Affairs, Department of the Interior. 2009. p. 90.

• Has attachment: File:JBAFYCN3.pdf

Abstract: The Amended Compacts of Free Association negotiated between the United States with the Federated States of Micronesia (FSM) and the Republic of the Marshall Islands (RMI) created new accountability requirements for the use and reporting of U.S. financial assistance. One of the requirements of Public Law 108-188 is this report which should include but not be limited to the following: -general social, political, and economic conditions, including estimates of economic growth, per capita income, and migration rates; -the use and effectiveness of United States financial, program, and technical assistance; -the status of economic policy reforms including but not limited to progress toward establishing self-sufficient tax rates; Compact Report for FY09 and FY10, -the status of the efforts to increase investment including: the rate of infrastructure investment of U.S. financial assistance under the U.S.-FSM Compact and the U.S.-RMI Compact; non-U.S. contributions to the trust funds, and the level of private investment; and recommendations on ways to increase the effectiveness of United States assistance and to meet overall economic performance objectives, including, if appropriate, recommendations to Congress to adjust the inflation rate or to adjust the contributions to the Trust Fund based on non-U.S. contributions.