KPress Vol. 06 Iss. 21

Jaynes, Bill (2006-11-08). KPress Vol. 06 Iss. 21 (PDF) (Report). Kolonia, Pohnpei: Kaselehlie Press.

• Has attachment: File:LDZMJNDX.pdf

Abstract: KPress Vol. 06 Iss. 21: NEWS: Bank of the FSM comes under investigation after allegedly approving a large loan connected to international confidence man Peter Foster, with Board Chair Ito Joseph and CEO Bob De Courtenay responding as police investigations proceed in FSM and Fiji; environmental experts including Joe Konno warn of increasing oil leakage from World War II shipwrecks in Chuuk Lagoon, calling for urgent national and bilateral action with Japan; International Monetary Fund economists led by Kenneth Kang visit Chuuk and Pohnpei, urging governance reform, workforce reductions, and improved foreign investment policy; FSM recalls Ambassador Jesse B. Marehalau from Washington, D.C. amid audits and investigations into financial irregularities at the FSM Embassy; additional coverage includes public safety, health, and regional Pacific economic issues.