FY2024 COFA3 FSM trust fund PAYMENT2TO provide the USG contribution funding to the trust fundof the people of the federated states of micronesia

The U.S. Department of the Interior's Office of Insular Affairs awarded a $232,732,731.66 Formula Grant to the Trust Fund for the People of the Federated States of Micronesia on May 1, 2024. This grant is part of the Economic, Social, and Political Development of the Territories program (CFDA 15.875), which supports a range of development initiatives across U.S. territories and Freely Associated States.

The purpose of this Formula Grant is to provide the U.S. government's contribution funding to the Trust Fund of the People of the Federated States of Micronesia. As a critical financial mechanism under the Compact of Free Association, this funding supports economic, social, and political development initiatives for the Micronesian territories, including projects related to renewable energy infrastructure, environmental protection, public infrastructure, healthcare, and broader economic development.