Thursday, July 15, 2010

U.S. Hearings on a New Financial Package for the Republic of Palau

Palau The United States House of Representatives Foreign Affairs Subcommittee on Asia, the Pacific, and the Global Environmentwill conduct their first hearing on July 29 on the proposed financial package for the Republic of Palau in the next 15 years under the Compact of Free Association.

The Republic of Palau became an independent country on October 1, 1994, in free association with the United States.  When Palau became an independent country, it was the last remaining trust territory administered by the United Nations.

Palauan President Johnson Toribiong reportedly said that American Samoa Congressman Eni F.H. Faleomavaega has informed the Palau government of the first scheduled budget hearing on July 29, 2010.  Congressman Faleomavaega is the Chair of that subcommittee.  To see a full list of subcommittee members, click here.

President Toribiong said that the Palaun government would send representatives to attend the hearing.  Attending the hearing from the Palau team would be Haruo Wilter, Polycarp Basilius, George Ngiraklsong, and consultants Jeffrey Farrow and Kevin O’ Keefe.  Although those representatives would not be scheduled to testify at the hearing, the Palau Horizon Newspaper says that their attendance is seen as an opportunity to lobby for support to the proposed Compact aid.

Frankie Reed, Deputy Assistant of the U.S. Secretary of State, will be scheduled to testify during the first hearing.

The Republic of Palau has reportedly accepted a US$250 million financial package in January for the next 15 years, but a formal signing of the agreement is still pending due to "minor kinks that need to be ironed out between the two parties," according to the Palau Horizon Newspaper.

Hat tip to the East-West Center


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