lowyinstitute.org
Jan 31, 2024The United States appeared on track to reduce its financial commitments to Compact of Free Association (COFA) states — the Federated States of Micronesia, the Republic of Palau, and the Republic of the Marshall Islands — until China's rising influence in the region triggered a 2023 promise of US$7.1 billion over 20 years, trebling COFA ...