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Federated States of Micronesia

Federated States of Micronesia Micronesia in Review: Issues and Events, 1 July 2000 to 30 June 2001 Reviews of Kiribati and Nauru are not included in this issue. expiration date of the major funding provisions of the Compact of Free Association between the United States and the Federated States of Micronesia (FSM) draws closer (November 2001), the Joint Committee for Economic Negotiations is doing its best to sell a more responsible future economic management image for the nation. F S M and US negotiators have agreed on four principles of negotiation, which are known as the Honolulu principles. They include commitment to defense, commitment to economic development for the Federated States of Micronesia, commitment to policy reforms, and more attention to accounting. Earlier in 2001, the US General Accounting Office (g ao) criticized the handling of compact funds and also the FSM government's continued foot-dragging on reforms designed to reduce payroll and increase cash flow. Then chairman of the joint committee Epel Ilon reacted to the g ao report by pointing out that the F S M economy has been growing an average of 2.5 percent since 1987, and that the national and state governments have made significant commitments to private and http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png The Contemporary Pacific University of Hawai'I Press

Federated States of Micronesia

The Contemporary Pacific , Volume 14 (1) – Jan 1, 2002

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Publisher
University of Hawai'I Press
Copyright
Copyright © 2002 University of Hawai'i Press.
ISSN
1527-9464
Publisher site
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Abstract

Micronesia in Review: Issues and Events, 1 July 2000 to 30 June 2001 Reviews of Kiribati and Nauru are not included in this issue. expiration date of the major funding provisions of the Compact of Free Association between the United States and the Federated States of Micronesia (FSM) draws closer (November 2001), the Joint Committee for Economic Negotiations is doing its best to sell a more responsible future economic management image for the nation. F S M and US negotiators have agreed on four principles of negotiation, which are known as the Honolulu principles. They include commitment to defense, commitment to economic development for the Federated States of Micronesia, commitment to policy reforms, and more attention to accounting. Earlier in 2001, the US General Accounting Office (g ao) criticized the handling of compact funds and also the FSM government's continued foot-dragging on reforms designed to reduce payroll and increase cash flow. Then chairman of the joint committee Epel Ilon reacted to the g ao report by pointing out that the F S M economy has been growing an average of 2.5 percent since 1987, and that the national and state governments have made significant commitments to private and

Journal

The Contemporary PacificUniversity of Hawai'I Press

Published: Jan 1, 2002

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