2011 Inaugural Address By The Honorable Sebastian L. Anefal ...

My fellow citizens, we have been faced with a financial storm of unparallelmagnitude. It is therefore imperative in the next four years that we examine andimprove upon all existing opportunities, both internal and external, as envisionedunder our development goals, to enable us to recover from the effects of thiscrisis today and be well on the road into the future.Responses to CrisisFrom day one, in partnership with the FSM National Government and others, thisAdministration has been working to respond to this growing crisis and to build abridge to a better economy. I will cite some of these action-oriented responses inthis Address. Our strategy has been, and shall continue to be, broad-based andfocused on measures that may likely have an immediate impact on our economyand that would lay a strong foundation for long-term sustainable economicgrowth and development.Infrastructure DevelopmentDuring the past four years, we have made great strides in freeing up availablefunding to implement infrastructure projects in the state that have sat idle since2004. All told, this represents more than $25.0 million worth of infrastructureprojects, including $1.60 million dollars worth of completed projects, $10.50million more projects currently under construction, $7.70 million worth ofprojects in the design phase, and $4.40 million in projects pending task orders fordesign work. As we speak, the Yap Memorial Hospital Renovation Project, the12