President Mori Nominates Two Representatives to the FSM/US Joint Trust Fund Committee

Press Release #0409-48
Palikir, Pohnpei – FSM Information Services
April 30, 2009

President Mori has transmitted his nominations, in the form of resolutions, for the FSM/US Joint Trust Fund Committee to Speaker Figir at the FSM Congress.  The President has selected Mr. Aren Palik to serve as a representative from the private sector and Mr. Fabian Nimea to serve as the FSM Government representative to the Joint Trust Fund Committee. 

With his nomination for Mr. Palik, President Mori states that “Mr. Palik has held various leadership positions with the FSM Bank; Bank of Hawaii and FSM Development Bank since 1987 and is currently the President and Chief Executive Officer for the Pacific Islands Development Bank.”  The President believes that Mr. Palik is well-suited for the position based on his current and prior work expereinces.  The term for Mr. Palik will be for three years.

For Mr. Nimea, who is also the Director of the Office of (SBOC) Statistics, Budget & Economic Planning, Overseas Development Assistance and Compact Management, President Mori highlighted his enormous experience in banking and banking related transactions, memberships in various professional organizations, and that he is currently the Vice Chairman of the Joint Trust Fund Committee.  According to the statutory qualifications under Section 3 of Public Law No. 15-70, one FSM representative to the Joint Trust Fund Committee is to be selected from a position within the National Government and to have at least five years of working experience in financial management and investment.  Mr. Nimea’s job experiences, educational background, training achievements and professional credentials fulfill these requirements.

President Mori is confident in both candidates’ abilities to represent the FSM and the private sector and hopes that during the first (May) session of the 16th FSM Congress, that these two nominations will be considered favorably