Part 558

Debt - external: $129 million

Economic aid: recipient: under terms of the Compact of Free Association, the US will provide $1.3 billion in grant aid during the period 1986-2001

Currency: 1 United States dollar (US$) = 100 cents

Exchange rates: US currency is used

Fiscal year: 1 October - 30 September

@Micronesia, Federated States of:Communications

Telephones: 960

Telephone system: domestic: islands interconnected by shortwave radiotelephone (used mostly for government purposes) international: satellite earth stations - 4 Intelsat (Pacific Ocean)

Radio broadcast stations: AM 5, FM 1, shortwave 1

Radios: 17,000 (1993 est.)

Television broadcast stations: 6

Televisions: 1,290 (1993 est.)

@Micronesia, Federated States of:Transportation

Railways: 0 km

Highways: total: 235 km paved: 41 km unpaved: 194 km (1995 est.)

Ports and harbors: Colonia (Yap), Kolonia (Pohnpei), Lele, Moen

Merchant marine: none

Airports: 5 (1996 est.)

Airports - with paved runways: total: 4 1,524 to 2,437 m : 4 (1996 est.)

Airports - with unpaved runways: total: 1 914 to 1,523 m: 1 (1996 est.)

Military

Military - note: defense is the responsibility of the US

Transnational Issues

Disputes - international: none ______________________________________________________________________

MIDWAY ISLANDS

(territory of the US)

@Midway Islands:Geography

Location: Oceania, atoll in the North Pacific Ocean, about one-third of the way from Honolulu to Tokyo