PRESIDENTS KABUA AND NENA TO MEET WITH OIA DIRECTOR STAYMAN

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PALIKIR (June 11, 1997 - PIDP/CPIS) ---The new presidents of the Republic of the Marshall Islands, Imata Kabua, and the Federated States of Micronesia, Jacob Nena, will travel to Washington later this month to confer with US government officials about development funding.

Immediately following participation in United Nations General Assembly events in New York, both presidents will meet with Allen Stayman, Director of the US Department of the Interior's Office of Insular Affairs.

Among the matters to be discussed will be preparations for extension of the 15-year US Compacts of Free Association with both the Marshall Islands and the FSM. Negotiations to consider Compact renewal options are scheduled to begin formally in 1999.

The Compacts now in force provide the FSM with US$1.355 billion and the Marshalls with US$958 million in financial assistance. Implemented in 1986, the current Compacts will terminate in the year 2001.

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