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    National Fisheries Corporation Donates $500,000 to FSM, Intended for FSM Trust Fund

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    Press Release

    National Fisheries Corporation Donates $500,000 to FSM, Intended for FSM Trust Fund

    PALIKIR, Pohnpei—On May 9th, 2019, His Excellency Peter M. Christian, President of the Federated States of Micronesia (FSM), met with Mr. Peter Sitan, Chief Executive Officer (CEO) of the National Fisheries Corporation (NFC), and Mr. Cassiano Shoniber and Mr. Mason Albert, Chairman of the Board, and Board Member, of NFC’s Board of Directors respectively. The purpose of the meeting was for the Board to formally express its appreciation for President Christian’s support to NFC, and to demonstrate that appreciation through a donation of $500,000 to the FSM National Government intended to augment the FSM Trust Fund.

    “We would like to express our deepest appreciation to you [President Christian] for your unconditional support to the NFC for these past years,” said Mr. Sitan, noting that NFC has become significantly more profitable and capable in recent times, in large part due to support from President Christian and the FSM National Government.

    “I’m very happy that today…you are able to bring to the Government a testimony that we have come from a debt-ridden organization to a contributing organization in our Nation’s effort to grow,” said President Christian. “I’ve had this very excellent pleasure of working with you and the Board, and I’ve seen genuine attempts at being good.”

    President Christian discussed with the CEO and Board of Directors his wishes for NFC to continue to grow in its size and influence, so as to generate more jobs for FSM citizens and to help ensure that foreign fisheries stakeholders develop more shore-side activities to justify their concession prices from the Vessel Day Scheme.

    The FSM National Government appreciates the $500,000 from NFC intended for the FSM Trust Fund, and supports NFC as it continues its upward growth in contributing to the Nation and its citizenry.

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