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...

WASHINGTON, D.C. (December 4, 2023)– 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 (FY24) first quarter meeting on November 29 in Honolulu, Hawaii. The Trust Fund Committee Members reviewed the Fund’s investment performance from July-October 30, 2023, reviewed the beginning of the FY23 audit, and discussed the timing, status, and fiscal procedures related to the Fund’s previously approved distribution. The Committee also had preliminary discussions regarding future administrative structures and functions to facilitate future implementation of the 2023 Trust Fund Agreement, which would enter into force after legislative...