US 'Very Close' To New Funding Deal With Marshall Islands Before Sept. 30 - Envoy
Mohammad Ali (@ChaudhryMAli88) Published July 21, 2023 | 02:20 AM
WASHINGTON (UrduPoint News / Sputnik - 21st July, 2023) The United States is very close to reaching a new funding agreement with the Marshall Islands that can be approved by Congress before the end of the current fiscal year on September 30, Presidential Envoy Joseph Yun said on Thursday.
"We are very close to an agreement with the Republic of the Marshall Islands," Yun told a meeting at the Heritage Foundation. "I am hopeful."
The Biden administration was currently in negotiations with the Marshall Islands, Palau, and Micronesia for a renewed $7.
1 billion package of US financial support to the three island nations over the next 20 years, of which $6.5 billion would go to social and economic development, Yun explained.
"The current funding arrangement ends at the end of September ...(and) we do want the funding not to stop. It is very important that we get this done within this fiscal year," he said.
The funding for economic aid, education, health care, infrastructure, and other issues would work out to about $100 million per year, Yun said.
Related Topics
Recent Stories
Mahira Khan delights at Arijit Singh’s concert in Dubai
Dubai Customs Celebrates World Intellectual Property Day, Honors Schools and Uni ..
Vivo Reveals Durefishan Saleem as Brand Ambassador for its Upcoming Y100 Smartph ..
FIA investigates alleged irregularities in tickets’ sale for PSL, int’l matc ..
IMF approves $1.1b final tranche for Pakistan
Naseem Shah among others who registers for LPL 2024
NAB withdraws LNG reference against Shahid Khaqan Abbasi
Mohsin Naqvi to visit Karachi today
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 30 April 2024
Today Gold Rate in Pakistan 30 April 2024
Wembanyama in France: NBA Spurs to play Pacers in Paris in January
Russian missile kills two in Ukraine's Odesa: governor
More Stories From World
-
Sword-wielding man held in east London after attacks
8 minutes ago -
Indonesia volcano erupts, thousands evacuated over tsunami threat
28 minutes ago -
Ecuador embassy raid crossed line, top UN court told
48 minutes ago -
Dubai Customs Celebrates World Intellectual Property Day, Honors Schools and Universities Award Winn ..
55 minutes ago -
ChatGPT faces Austria complaint over 'uncorrectable errors'
1 hour ago -
Indian forest activist at the coalface of mining battle
1 hour ago
-
China says Palestinian groups met for talks in Beijing
1 hour ago -
Columbia suspends students after call to end Gaza camp unheeded
1 hour ago -
Ex-Binance chief set for sentencing in US court
1 hour ago -
Chinese scientists develop fast breeding rice in Xinjiang desert greenhouses
1 hour ago -
Minister of communications discusses strengthening partnership to expand growth of digital economy, ..
1 hour ago -
Vardy leads Leicester to Championship title
2 hours ago