Government of the Federated States of Micronesia

Vice President to Present $2.0 Million to Yap

PALIKIR, Pohnpei (FSM Information Service): August 27, 1997 - FSM Vice President Leo A. Falcam is leading a small delegation from the FSM Executive Branch to Yap State next month to present a check of about $2.0 million to Yap State Governor Vincent Figir and the leaders of Yap.

The $2.0 million is for implementing Yap State Government's restructural reforms. The money is part of of the loan approved by the Asian Development Bank for the FSM to restructure the five governments including the National and the four States.

Yap is the first state in the FSM that is ready to implement its plan. The other States are close to completing the requirements of the rpogram and the implementation is expected soon.


For further information on this release, please contact:

FSM Office of the President
Public Information: Press, Radio, Video
P.O Box 34
Palikir Station, Pohnpei, FM 96941
Tel.: (691) 320-2548/2092
Fax.: (691) 320-4356
e-mail: fsmpio@mail.fm
http://www.fsmpio.fm/