Media Release
U.S. Compact Grants to FSM in October 2008
November 21,2008
For the first month of the current fiscal year, the FSM Department of Finance received Compact-funded grants from the United States Government totaling $ 7,536,291. These payments were for Compact sector grants for Education, Health, Environment, and Private Sector Development plus Disaster Assistance, Supplemental Education and Infrastructure Grants for October of Fiscal Year 2009. The breakdown of these grants follows:
Sector Grants for the Federated States of Micronesia's National Government |
|
| Education Sector (FSM Department of Education) | $100,000 |
| Education Sector (College of Micronesia-FSM) | $950,000 |
| Health Sector (FSM Department of Health and Social Affairs) | $130,000 |
| Disaster Assistance Emergency Fund | $228,138 |
| Total Payment for FSM National Government: | $1,408,138 |
Sector Grants for Chuuk State |
|
| Health (Chuuk MDR TB Outbreak) | $325,000 |
| Infrastructure (Chuuk Airport AIP) | $97,084 |
| Supplemental Education Grant (2007) | $0 |
| Total Payment for Chuuk: | $422,084 |
Sector Grants for Kosrae State |
|
| Education Sector | $435,000 |
| Health Sector | $405,000 |
| Private Sector Development | $70,000 |
| Infrastructure (Kosrae Airport AIP) | $179,628 |
| Total Payment for Kosrae: | $1,089,628 |
Sector Grants for Pohnpei State |
|
| Education Sector | $1,275,000 |
| Health Sector | $1,025,000 |
| Environment Sector | $35,000 |
| Supplemental Education Grant (2007) | $811,441 |
| Total Payment for Pohnpei State: | $3,146,441 |
Sector Grants for Yap State |
|
| Education Sector | $700,000 |
| Health Sector | $580,000 |
| Environment Sector | $50,000 |
| Private Sector Development | $140,000 |
| Total Payment for Yap State: | $1,470,000 |
TOTAL SECTOR GRANT PAYMENTS FOR FSM (October FY2009): $7,536,291
These payments are made on a monthly basis, based upon requests submitted by the FSM Government on behalf of the national government, the four state governments and the College of Micronesia-FSM. The U.S. Department of the Interior, Office of Insular Affairs administers these funds for the United States Government.