 Under the terms of the Compact of Free Association, the United States provided FSM with around $2 billion in grants and services from 1986 to 2001.The Compact's financial terms are being renegotiated for an extension period.In 2001 the U.S. provided more than $84 million in Compact grants—an amount equivalent to over one-third of FSM's GDP—plus more than $20 million through other federal programs.