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Interior provides $5M for RMI trust fund

The U.S. Department of the Interior’s Office of Insular Affairs has provided $5 million in funding to the Republic of the Marshall Islands as provided by Congress for tax and trade economic compensation due to adverse financial and economic impacts under the Compact of Free...
Posted On Feb 16 2021 06:00
, By Press Release
0

FSM, RMI, Palau will experience fiscal shock—studies

WASHINGTON, D.C.—The U.S. Department of the Interior has published three technical notes from the Graduate School USA’s Economic Monitoring and Analysis Program, or EconMAP, providing an initial assessment of the economic impacts of COVID-19 on the Federated States of Micronesia,...
Posted On Jun 26 2020 06:01
, By Press Release
0

RMI trust fund lost 14.95% in Q1 due to COVID-19

WASHINGTON, D.C.—The Trust Fund Committee of the Trust Fund for the People of the Republic of the Marshall Islands conducted its fiscal year 2020 third quarter meeting on June 2 and 3rd (Majuro) via videoconference. The meeting covered the Fund’s investment performance for the...
Posted On Jun 17 2020 06:03
, By Press Release
0

US gives $133M to FSM, RMI

WASHINGTON, D.C.—The U.S. Department of the Interior has provided $133,114,602 in fiscal year 2020 grant payments to the Federated States of Micronesia and the Republic of the Marshall Islands as provided for under the Compact of Free Association, or Public Law 108-188. “This...
Posted On May 14 2020 06:00
, By Press Release
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