United States Government Publishing Office publisher pbl distributor dst United States Government Accountability Office author aut Government Organization text government publication eng GAOREPORTS Legislative Agency Publications gao legislative 2010-08-12 U.S. Government Printing Office 2003-07-15 monographic deposited born digital 18 p. GA 1.13:GAO-03-1007T https://www.govinfo.gov/app/details/GAOREPORTS-GAO-03-1007T P0b002ee18038d0bc f:d031007t DGPO 2010-08-12 2011-03-23 GAOREPORTS-GAO-03-1007T machine generated eng fdlp REPORT GAOREPORTS-GAO-03-1007T GAO-03-1007T Accountability Federal funds Foreign financial assistance International agreements International relations Compact of Free Association Federated States of Micronesia Republic of the Marshall Islands Testimony A07548 In 1986, the United States entered into a Compact of Free Association with the Pacific Island nations of the Federated States of Micronesia, or FSM, and the Republic of the Marshall Islands, or RMI. The Compact provided about $2.1 billion in U.S. funds, supplied by the Department of the Interior, over 17 years (1987-2003) to the FSM and the RMI. These funds were intended to advance economic development. In a past report, GAO found that this assistance did little to advance economic development in either country, and accountability over funding was limited. The Compact also established U.S. defense rights and obligations in the region and allowed for migration from both countries to the United States. The three parties recently renegotiated expiring economic assistance provisions of the Compact in order to provide an additional 20 years of assistance (2004-2023). In addition, the negotiations addressed defense and immigration issues. The House International Relations and Resources Committees requested that GAO report on Compact negotiations. https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-03-1007T/html/GAOREPORTS-GAO-03-1007T.htm https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-03-1007T/pdf/GAOREPORTS-GAO-03-1007T.pdf GAO-03-1007T https://www.govinfo.gov/app/details/GAOREPORTS-GAO-03-1007T Testimony GAO-03-1007T; Compact of Free Association: An Assessment of the Amended Compacts and Related Agreements; Accountability Federal funds Foreign financial assistance International agreements International relations Compact of Free Association Federated States of Micronesia Republic of the Marshall Islands Public Law 82-414 Public Law 99-239