Compact of Free Association: Proposed U.S. Assistance to Palau and Its Likely Impact Metadata

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Title

  • Main Title Compact of Free Association: Proposed U.S. Assistance to Palau and Its Likely Impact

Creator

  • Author: United States. Government Accountability Office.
    Creator Type: Organization

Publisher

  • Name: United States. Government Accountability Office.
    Place of Publication: Washington D.C.

Date

  • Creation: 2011-06-16

Language

  • English

Description

  • Content Description: Testimony issued by the Government Accountability Office with an abstract that begins "The Compact of Free Association between the United States and the Republic of Palau, which entered into force in 1994, provided for several types of assistance aimed at promoting Palau's self-sufficiency and economic advancement. Included were 15 years of direct assistance to the Palau government; contributions to a trust fund meant to provide Palau $15 million each year from 2010 through 2044; construction of a road system, known as the Compact Road; and federal services such as postal, weather, and aviation. U.S. agencies also provided discretionary federal programs related to health, education, and infrastructure. In 2008, GAO projected total assistance from 1994 though 2009 would exceed $852 million. In September 2010, the United States and Palau signed an agreement (the Agreement) that would, among other things, provide for additional assistance to Palau and modify its trust fund. This statement describes (1) the Agreement's provisions for economic assistance to Palau, (2) its impact on the trust fund's likelihood of sustaining scheduled payments through 2044, and (3) the projected role of U.S. assistance in Palau government revenues. GAO reviewed the Agreement; examined Palau's recent single audit reports and budget projections; and assessed trust fund balances and disbursement plans under various assumptions and investment returns."

Subject

  • Library of Congress Subject Headings: Government accountability -- United States.
  • Keyword: international affairs
  • Keyword: compact of free association
  • Keyword: testimony

Coverage

  • Place Name: United States

Collection

  • Name: Government Accountability Office Reports
    Code: GAORT

Institution

  • Name: UNT Libraries Government Documents Department
    Code: UNTGD

Rights

  • Rights License: pd

Resource Type

  • Text

Format

  • Text

Identifier

  • Report No.: GAO-11-559T
  • Accession or Local Control No: 126462
  • URL: http://gao.gov/products/GAO-11-559T
  • Archival Resource Key: ark:/67531/metadc290966