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Share JEMCO Approves $62 Million in Compact Funding for Fiscal Year 2021

WASHINGTON – The bilateral Joint Economic Management Committee (JEMCO) of the United States (U.S.) and the Federated States of Micronesia (FSM) concluded its annual meeting and approved a total of $62,968,281 in Compact of Free Association (Compact) funding for fiscal year 2021 for the FSM. The JEMCO annual meeting is required under U.S. Public Law 108-188, …

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Joint Economic Management Committee (JEMCO) Approved FY20 Funding for FSM

HONOLULU, Hawaii —The Joint Economic Management Committee (JEMCO) recently met in Honolulu, Hawaii on September 4th, 2019 and adopted Resolution 2019-1, which approved an allocation of $56,689,446 for the Government of the Federated States of Micronesia (FSM) in Compact Sector grants for Fiscal Year (FY) 2020. JEMCO further authorized use of Public Infrastructure Sector assistance …

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