ABSTRACT

Compacts of Free Association: Trust Funds for Micronesia and the Marshall Islands Are Unlikely to Fully Replace Expiring U.S. Annual Grant Assistance, Statement of David Gootnick, Director, International Affairs and Trade, Testimony Before the Committee on Energy and Natural Resources, U.S. Senate   [open pdf - 721KB]

From the GAO (Government Accountability Office) Highlights: "This testimony summarizes GAO's May 2018 report on compact grants and trust funds (GAO-18-415). In that report, GAO examined (1) the use and role of U.S. funds and programs in the FSM [Federated States of Micronesia] and RMI [Republic of the Marshall Islands] budgets, (2) projected compact trust fund disbursements,and (3) trust fund committee actions needed to address the 2023 transition to trust fund income. For this testimony, GAO also reviewed key variables for its trust fund model as of June 2019 to determine whether these variables had substantially changed. In addition, GAO reviewed the status of Interior's response to GAO's May 2018 recommendations."

Report Number:
GAO-19-648T
Author:
Publisher:
Date:
2019-07-23
Copyright:
Public Domain
Retrieved From:
Government Accountability Office: http://www.gao.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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