News & Events

WASHINGTON, D.C. (January 9, 2025)– The Trust Fund Committee of the Trust Fund for the People of the Republic of the Marshall Islands (the Fund) conducted its Fiscal Year 2025 (FY 2025) first quarter meeting by teleconference on January 8 (Washington DC) and 9 (Majuro). The Committee reviewed the Fund’s investment performance from June 1 to September 30, 2024 – the last quarter of FY 2024, discussed the status of the transition to the 2023 Trust Fund Agreement, and was updated on the FY 2024 audit and annual report process. For the July-September quarter, the Fund had a net asset value of $1,041,404,622 as of...

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. (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...