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The Asian Development Bank (ADB), the East-West Center and the University of Hawai'i Center for Pacific Islands Studies invite you to join a public presentation and open dialogue by the Graduate School USA (GSUSA) exploring "The Economic Impacts of the End of Compact Grant Assistance in the Freely Associated States."
About the Study
A team of Graduate School USA experts was contracted by the ADB to expand upon ongoing GSUSA economic and statistics work within the Freely Associated States of the Republic of the Marshall Islands, the Federated States of Micronesia, and the Republic of Palau. The team met with officials in Washington, DC and each of the three FAS, and studied the range of preparatory actions being considered by US, FAS, and donor partner officials with respect to potential changes in funding levels under each Compact. The team also extended its prior economic modeling and trust fund analysis work to estimate the economic impact of three different funding scenarios for each FAS.
About the Draft for Discussion
The presentation will focus on the team's post-COVID19 updated Draft for Discussion. Following input from all parties, the ADB plans to publish a final report following presentations and information sessions. In addition to a thorough description of the structure of Compact funding to each FAS during two funding periods to-date, the key findings of the study are presented for two future funding scenarios:
- Thinking Practically: Modeling the Economic Impact of Funding Losses Under a Base Scenario
- Thinking Positively: Modeling the Economic Impact of a Renewed Compact Funding Scenario
The Study provides model-estimated impacts for each scenario and for each country in terms of impacts on the economy (GDP), employment (FTE jobs) and migration (# of emigrants). A digital copy of the Draft for Discussion is available at https://pubs.pitiviti.org/adb-fas.
The Asian Development Bank (ADB), the East-West Center and the University of Hawai'i Center for Pacific Islands Studies invite you to join a public presentation and open dialogue by the Graduate School USA (GSUSA) exploring "The Economic Impacts of the End of Compact Grant Assistance in the Freely Associated States."
About the Study
A team of Graduate School USA experts was contracted by the ADB to expand upon ongoing GSUSA economic and statistics work within the Freely Associated States of the Republic of the Marshall Islands, the Federated States of Micronesia, and the Republic of Palau. The team met with officials in Washington, DC and each of the three FAS, and studied the range of preparatory actions being considered by US, FAS, and donor partner officials with respect to potential changes in funding levels under each Compact. The team also extended its prior economic modeling and trust fund analysis work to estimate the economic impact of three different funding scenarios for each FAS.
About the Draft for Discussion
The presentation will focus on the team's post-COVID19 updated Draft for Discussion. Following input from all parties, the ADB plans to publish a final report following presentations and information sessions. In addition to a thorough description of the structure of Compact funding to each FAS during two funding periods to-date, the key findings of the study are presented for two future funding scenarios:
- Thinking Practically: Modeling the Economic Impact of Funding Losses Under a Base Scenario
- Thinking Positively: Modeling the Economic Impact of a Renewed Compact Funding Scenario
The Study provides model-estimated impacts for each scenario and for each country in terms of impacts on the economy (GDP), employment (FTE jobs) and migration (# of emigrants). A digital copy of the Draft for Discussion is available at https://pubs.pitiviti.org/adb-fas.
