9 Sep 2011

Marshall Islands Finance Minister confident national fund will rebound

6:50 pm on 9 September 2011

The Marshall Islands national trust fund lost about 10 percent of its value last month, but the Finance Minister Jack Ading is confident of the investments rebounding.

Mr Ading says the trust fund was hit by losses on the stock market when investors throughout the world lost on investments.

He says the Trust Fund was about 140 million US dollars at the end of June, but has since lost 14 million dollars.

But Mr Ading expects it to bounce back.

Earlier this week, the Marshall Islands government invested an additional 1.1 million US dollars into the trust fund.