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Compact of Free Association: An Assessment of the Amended Compacts and Related Agreements.
General Accounting Office Reports & Testimony, July, 2003
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GAO-03-890T June 18, 2003
In 1986, the United States entered into a Compact of Free Association with the Pacific Island nations of the Federated States of Micronesia, or FSM, and the Republic of the Marshall Islands, or RMI. The Compact provided about $2.1 billion in U.S. funds, supplied by the Department of the Interior, over 17 years (1987-2003) to the FSM and the RMI. These funds were intended to advance economic development. In a ...
