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Diane Publishing Books
Compact of Free Association: U.S. Assistance to Palau, Accountability over Assistance Provided, and Palauís Prospects for Economic Self-Sufficiency
David Gootnick (au)
Since 1995, when the Compact of Free Assoc. between Palau and the U.S. entered into force, U.S. aid to Palau has included assistance provided for in the compact and related subsidiary agreements -- direct assistance to the Palau national govít., including investment in a trust fund intended to provide $15 million annually from 2010-2044; fed. postal, weather, and aviation services; and construction of a major road. Compact direct assistance is scheduled to expire on Sept. 30, 2009. This statement examines: (1) the provision of compact and other U.S. assistance to Palau in 1995-2009; (2) Palauís and U.S. agenciesí efforts to provide accountability over Palauís use of fed. funds; and (3) Palauís prospects for achieving economic self-sufficiency.
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