Frank Kyota, president of the Palau National Olympic Committee (PNOC) said that the additional funding will be raised through prospective donors and contributions from the International Olympic Committee.
Earlier President Johnson Toribiong signed into law the measure which earmarks $500,000 to fund the hosting of the games in Palau next year.
The money to fund the upcoming games will be taken out of the remaining balance of the Mega Bank Loan which was supposed to be for Palau International Airport’s maintenance.
The remaining balance of the loan was in the amount of $ 635,419.
The organizing committee said that they will maximize all the resources they have to ensure that the games will run smoothly.
Earlier the committee said that it will be needing at least $1.7 million for the conduct of the games.
Kyota said is encouraging the community to “take ownership of the game.”
“It is the responsibility of every Palauan to take ownership and deliver the games,” Kyota said.
He added that the organizing committee is also working with the other sports federation to maximize every resource and work within the budget.
He said that Palau’s hosting of the games has long term effects health wise and the maintenance of facilities.
He said that the committee is also looking at all valuing kind that they can tap into.
Palau won the bid to host Micro Games in 2010 after the Marshall Islands declined to host it. The last time Palau hosted the games was in 1998.
The games is slated from August 1 to 10, with 10 Pacific Island nations participating in 14 sports events.
