Douglas W. Domenech, U.S Department of Interior Assistant Secretary, Insular and International Affairs announced that Palau will be receiving a grant fund of $2,685, 610 to fund the maintenance of the Compact Road and to purchase necessary hardware for Palau’s new financial management system as well as providing training and annual maintenance for the system.
Starting this fiscal year 2020 to 2024, The United States of America will be giving Palau $2 million dollars each year to help maintain the Compact Road. While the remaining $685, 610 will be used for the procurement of necessary hardware, system maintenance fees, training, as well as other contractual services necessary to help maintain the financial management system for the Palau National Government. This system supports all financial systems which include payroll, immigration, law enforcement, and other financial services.
“Interior Secretary David Bernhardt and I are pleased to provide this infrastructure support to the Government of Palau,” said Assistant Secretary Domenech.
“I am proud of the support and relationship that we share with the people of Palau. The United States sees Palau as an essential part of a free and open Indo-Pacific region and is committed to Palau’s security and prosperity.” He added.
The funding is all part of the Compact Review Agreement signed by the United States of America and Palau.