Trust Fund Committee Reviews FY 2023 Performance and Business as it Prepares for Future Implementation of Trust Fund Agreement
WASHINGTON, D.C. (April 9, 2024)– The Trust Fund Committee of the Trust Fund for the People of the Republic of the Marshall Islands (the Fund) conducted its Fiscal Year 2024 (FY 2024) second quarter meeting by teleconference on March 21 (Washington DC) and 22 (Majuro). The Committee reviewed the Fund’s investment performance from October 1, 2023, agreed to approve the fiscal year 2023 Annual Report by e-mail, received a presentation of the independent audit, discussed the FY 2024 distribution monitoring and performance reporting, and discussed future planning including possible investment policy and potential administrative structures and functions to facilitate eventual implementation of the 2023 Trust...