Updated: May 19
Colonia, Yap -- The Federated States of Micronesia has paid out more than $18.5 million for Covid-19 economic recovery and relief assistance for students and citizens stranded off-island, unemployed workers and tourism-based businesses, according to the FSM Department of Finance & Administration.
The Covid-19 relief programs were funded by the Asian Development Bank’s Covid-19 Pandemic Response Option grants to the FSM totaling $20 million, combined with the FSM government’s $15 million economic stimulus package
from the CARES Act.
Sen. Isaac V. Figir of Yap, chair of the FSM Congressional Standing Committee on Ways and Means, hosted a public hearing in Yap to provide general oversight discussions with relevant agencies regarding the recovery and assistance programs being administered through the FSM national government.