Foreign Assistance: U.S. Funds to Two Micronesian Nations Had Little Impact on Economic Development Page: 3 of 156
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Contents
Letter 5
Executive Summary 6
Chapter 1 14
Compact Ended U.S. Administration of the Federated States of
Micronesia and the Republic of the Marshall Islands 14
Self-government, National Security, and Economic
Self-sufficiency Are Compact Objectives 18
Objectives, Scope, and Methodology 22
Chapter 2 26
The Federated States The Federated States of Micronesia and the Republic of the
Marshall Islands Targeted Expenditures in Different Areas 26
of Micronesia and the Capital Funds Spent on Business Ventures and Infrastructure 28
Republic of the Both Countries Issued Compact Revenue-Backed Bonds 30
Marshall Islands Used
Nearly $1.6 Billion in
Compact Direct
FundingChapter 3
The Two Compact
Nations Have Made
Some Improvements in
Economic
Self-sufficiencyGovernment Reliance on U.S. Assistance Has Fallen to 54
Percent in the Federated States of Micronesia
U.S. Assistance Comprises 68 Percent of the Republic of the
Marshall Islands' Revenue
U.S. Program Assistance Contributes to Government Revenues
in Both Compact Nations
Other Donors Also Provide Assistance and LoansGAO/NSIAD-00-216 Compact of Free Association
Page 1
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United States. General Accounting Office. Foreign Assistance: U.S. Funds to Two Micronesian Nations Had Little Impact on Economic Development, report, September 21, 2000; Washington D.C.. (https://digital.library.unt.edu/ark:/67531/metadc292654/m1/3/: accessed March 28, 2024), University of North Texas Libraries, UNT Digital Library, https://digital.library.unt.edu; crediting UNT Libraries Government Documents Department.