Trust Fund Committee Reviews Investment Performance for January-May 2024 Period and Conducts Business to Implement the 2023 Trust Fund Agreement
WASHINGTON, D.C. (June 27, 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) third quarter meeting in-person on June 20 (Washington DC) and 21 (Majuro). The Committee reviewed the Fund’s investment performance from January 1 to May 31, 2024, discussed steps to transition to the 2023 Trust Fund Agreement, and approved a service agreement with Baker Tilly for the fiscal year (FY) 2024 and FY 2025 audits. For the January-March quarter, the Fund had a net asset value of $782,019,348 as of March 31. The Fund...