Government of the Federated States of Micronesia

Allotment to State of Kosrae for ERP

PALIKIR, Pohnpei (FSM Information Service): September 13, 1997 - President Jacob Nena, on October 3, 1997, directed the Director of Budget to issue an allotment advice in the amount of $1 million to the Governor of the State of Kosrae as its share of the $10 million from the Asian Development Bank (ADB) for the Early Retirement Program.

Nena stated that Kosrae State has met all the requirements necessary to access the Early Retirement Program Funds.

Vice President Leo A. Falcam, Acting Secretary of Finance Shina Lawrence and Assistant Attorney General Nina Eejima left for Kosrae State Wednesday afternoon to present the $1 million check to Governor Mackwelung and other state leaders in a brief ceremony planned for the occasion. They are scheduled to returning to Pohnpei today, October 9, 1997, according to Special Assistant Josiah Waguk.

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