Published 2 months ago

Palau’s President Relieved by Security Pact Funding Approval

Summary by Ground News

The Senate passed a funding package that provides $7 billion over 20 years for the Compacts of Free Association. The compacts are agreements that give the U.S. strategic access to these regions of the Pacific Ocean. Palau has been forced to borrow to pay for basic government services while waiting for $890 million.

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VOA News

Palau’s President Relieved by Security Pact Funding Approval

Washington — Critical funds to counter China in the Pacific are finally on their way to three U.S. allies: Palau, Micronesia and the Marshall Islands. On Friday, the Senate passed a funding package that provides $7 billion over 20 years for the Compacts of Free Association (COFA) as part of a partial government funding bill. It was signed into law by President Joe Biden over the weekend. “Extending Compact-related assistance is a critical compon…

2 months ago·United States

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