Yesterday on September 28th, the FSM and the United States governments signed the final subsidiary agreement under the Compact, known as the FPSA (Federal Programs and Services Agreement). The FPSA is what provides for services such as USPS, FDIC coverage for the Bank of FSM, and disaster assistance through USAID among others.
The agreement was signed by Chief Negotiator Leo Falcam Jr. on behalf of the FSM and Special Presidential Envoy for Compact Negotiations Joseph Yun on behalf of the United States at the US State Department.
US Department of State - Press Releases: The United States of America and the Federated States of Micronesia Signed the 2023 Federal Programs and Services Agreement
