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Yearbook 2006

Micronesia Federation. In August, the US government's representative for contacts with Micronesia urged the country to promote growth before the free association agreement expires in 2023. The agreement provides Micronesia with significant financial assistance from the United States each year. At a meeting on the appropriations, US Representative David Cohen said that Micronesia with even today's support has not been able to achieve economic growth. He recalled that the appropriations will be significantly smaller after 2023, arguing that the country must first and foremost invest in the private sector to boost growth. According to CountryAAH, Micronesia is today completely dominated by the public sector. Micronesian MPs had previously complained that the United States was reducing their power and that the US committee responsible for the money for Micronesia was in the country's budget at the retail level. Cohen, who chairs the committee.

2006 Micronesia
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