Presentations Highlight Weak Economic Performance, Explore Policy and Legislative Needs to Bolster Future Growth Prospects
WASHINGTON – Today, U.S. Interior Assistant Secretary for Insular Areas Doug Domenech hosted several presentations focused on economic performance, policies, and possibilities for the freely associated states of the Federated States of Micronesia (FSM), the Republic of the Marshall Islands (RMI) and the Republic of Palau (Palau).
“Today’s presentations are meant to inform and encourage policy discussions for the U.S. government and the governments of the FSM, the RMI, and Palau,” said Assistant Secretary Domenech. “We are committed to the partnerships we have under the Compacts of Free Association and to working collaboratively towards enhanced social and economic development for the people now and into the future.”
Highlights from the presentations follow with links to the full presentations provided below:
Graduate School USA economists Kevin O’Keefe and Dr. Mark Sturton presented economic and policy perspectives on the Pacific as part of a Graduate School USA Economic Monitoring and Analysis Program contracted through the Department of the Interior’s Office of Insular Affairs (OIA). Other Graduate School USA programs funded by the Technical Assistance Program through OIA include the Island Government Finance Officers Association, the Executive Leadership Development Program, the Association of Pacific Island Public Auditors, and the island governments’ Performeter program.
World Bank program leader Robert Utz presented Pacific Possible, with a focus on potential opportunities in the FSM, RMI and Palau, exploring both areas of economic viability and potential risks for the next 25 years in the Northern Pacific.
Economic Policies & Performance in the Freely Associated States, EconMAP, Graduate School USA
The Assistant Secretary of the Interior, on behalf of the Secretary, is responsible for coordinating federal policy with respect to the territories of American Samoa, Guam, the U.S. Virgin Islands, and the Commonwealth of the Northern Mariana Islands, and administering and overseeing U.S. federal assistance provided under the Compacts of Free Association to the freely associated states of the Federated States of Micronesia, the Republic of the Marshall Islands, and the Republic of Palau. The Office of Insular Affairs promotes policies and distributes grants under the direction of the Assistant Secretary who strives to foster economic opportunities, promote government efficiency, and improve the quality of life for the people of the insular areas.