The recent meeting of the leaders of Micronesia and United States Secretary of State Michael Pompeo ended up with the US promising that it would like to conclude the negotiations on the expiring financial package of the Compact of Free Association (COFA) by the end of 2020. Vice President Raynold Oilouch, who represented Palau during […]
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CTF Board of Trustees inks reso to transfer over $65-M to its investment consultant
The Republic of Palau Compact of Free Association Trust Fund (CTF or trust fund) Board of Trustees (Board), during a special meeting today, signed a resolution authorizing and directing the Ministry of Finance to transfer $65,250,000 to the CTF Board’s Investment Consultant, Raymond James & Associates, for investment in accordance with the CTF Investment Policy […]