GAO-03-890T Compact of Free Association: An Assessment of the Amended Compacts and Related Agreements
Testimony Before the Subcommittee on Asia and the Pacific, Committee on International Relations, House of Representatives United States General Accounting Office GAO For Release on Delivery Expected at 1:30 p.m. EDT Wednesday, June 18, 2003 COMPACT OF FREE ASSOCIATION An Assessment of the Amended Compacts and Related Agreements Statement of Susan S. Westin, Managing Director International Affairs and Trade GAO-03-890T The amended Compacts of Free Association between the United States and the FSM and the RMI to renew expiring U.S. assistance could potentially cost the U.S. government about $6.6 billion in new authorizations from the Congress. Of this amount, $3.5 billion would cover payments over a 20-year period (2004-2023), while $3.1 billion represents payments for U.S. military access to Kwajalein Atoll in the RMI for the years 2024 through 2086. While the level of annual grant assistance to both countries would decrease each year, contributions to trust funds – meant to eventually replace grant funding – would increase annually by a comparable amount. …
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