WASHINGTON, D.C. — The Trust Fund for the People of the Federated States of Micronesia’s restricted fiduciary net position value increased 17.5% to $466.9 million for fiscal 2016 from $397.3 million for fiscal 2015, according to the fiscal 2016 annual report.
The fund was established by the Compact of Free Association, as amended in 2003, with the purpose of contributing to the economic advancement and long-term budgetary self-reliance of the FSM by providing a source of revenue for . . .
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