The Micronesian Federation (FMA) became self-governing in 1979. In 1983, the FMA voted to accept a Compact of Free Association with the U.S., and in Nov. 1986, the U.S. government declared the Trust Territory agreements no longer in effect—thereby granting the Federated States of Micronesia full independence. In Nov. 2002 the compact was renewed for another 20 years. The FMA was admitted to the United Nations on Sept. 17, 1991. In July 1993, the country became a member of the International Monetary Fund.