OIA Press Releases (2020 to Present)

Compact Trust Fund for RMI Reviews Performance; Releases FY18 Annual Report

04/03/2019

The Trust Fund Committee of the Trust Fund for the People of the Republic of the Marshall Islands (the Fund) conducted its fiscal year 2019 (FY19) second quarter meetings on March 28th, 2019. The meeting covered the Fund’s investment performance for the October-December 2018 quarter as well as the January-February 2019 period, and a review of the Fund’s FY18 annual report and audit.

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Compact Trust Fund for FSM Reviews Performance; Releases FY18 Annual Report

04/03/2019

The Trust Fund Committee of the Trust Fund for the People of the Republic of the Federated States of Micronesia (the Fund) conducted its fiscal year 2019 (FY19) second quarter meetings on April 1st, 2019. The meeting covered the Fund’s investment performance for the October-December 2018 quarter as well as the January-February 2019 period, a review of the Fund’s FY18 annual report and audit, adjustment of the Investment Policy Statement and investment fee schedule, and distribution policy for post FY23.

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Joint Economic Management Committee Meets in Chuuk

04/02/2019

Led by Joint Economic Management Committee (JEMCO) Chair and Office of Insular Affairs Director Nikolao Pula, both U.S. and Federated States of Micronesia (FSM) members of the JEMCO convened a mid-year meeting on March 19, 2019, in Chuuk, Federated States of Micronesia (FSM). 

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Interior Applauds Executive Leadership Development Program

03/14/2019

U.S. Department of the Interior Assistant Secretary, Insular and International Affairs, Doug Domenech today applauded the twenty-six island government officials in the 2018-2019 cohort of the Pacific Islands Executive Leadership Development Program (ELDP). These officials recently completed the third and penultimate session of their leadership development and training program in Yap, Micronesia.

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Grants Now Open to U.S. Insular Areas Under Coral Reef and Natural Resources Initiative

03/14/2019

Doug Domenech, U.S. Department of the Interior Assistant Secretary, Insular and International Affairs, today announced the Coral Reef and Natural Resources (CRNR) Initiative open for applications from the U.S. Insular Areas. The goal of the CRNR Initiative is to improve the health of coral reef ecosystems and other natural resources in the U.S. insular areas for their long-term economic and social benefit. 

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Interior Provides $853,590 for Former Trust Territory of Pacific Islands Employees through Prior Service Trust Fund Program

03/13/2019

U.S. Interior Assistant Secretary Insular and International Affairs Doug Domenech has authorized a payment of $853,590 in FY 2019 funding for the Prior Service Trust Fund (PSTF) Administration, which distributes benefits to former employees of the post-World War II, U.S.-administered, Trust Territory of the Pacific Islands (TTPI) in the Western Pacific.

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President Proposes $611 Million FY 2020 Budget for the U.S. Territories and the Freely Associated States

03/11/2019

President Trump today proposed $611 million for fiscal year 2020 through the Office of Insular Affairs (OIA) for the benefit of fellow Americans in the U.S. Territories of Guam, American Samoa, the U.S. Virgin Islands, and the Commonwealth of the Northern Mariana Islands. The proposal also includes funding for U.S. allies in the Pacific – the Federated States of Micronesia, the Republic of the Marshall Islands, and the Republic of Palau.

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