Compact Trust Funds reaches $211 million
By: L.N. Reklai
July 20, 2017 (Koror, Palau) Palau COFA Trust Fund Board of Trustees reports that Palau’s Compact Trust Fund market value as of June 30, 2017, reached $211,015,667 million. The report showed the Fund’s year-to-date growth at 7.41%. [restrict]
The Palau’s COFA Trust Fund which was created in 1994 with $66 million dollars had grown to $211 million. The Fund’s average growth since inception is 7.35%.
Palau’s Trust Fund asset allocations are spread out in accordance with the law and policies set forth by COFA Trustees.
COFA Trust Fund was established as a means for Palau to achieve economic self-sufficiency. The Fund was envisioned to contribute $15 million annually to Palau’s government beginning year 15th to year 50 of the Compact of Free Association. [restrict]