Trust Funds for Micronesia and the Marshall Islands Are Unlikely to Fully Replace Expiring U.S. Annual Grant Assistance
From US GAO, July 23, 2019
The U.S. is providing $3.6 billion in economic assistance to the nations of Micronesia and the Marshall Islands from 2004 through 2023. This assistance has increasingly been provided as contributions to trust funds for each nation, and is intended to boost their self-sufficiency. After the assistance ends, the trust funds should generate revenue from investments.
We testified that the trust funds may not provide disbursements in some years or sustain their value after 2023.
To date, the U.S. Interior Department has not implemented the 6 recommendations we previously made to address the risks to the funds' ability to provide income after 2023.
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