FSMIS (March 27,
2013): The FSM is heightening preparations towards the staging of an
Investment Symposium to be held from May 6-9 as part of a series of federation-wide
undertakings to better all-around business climate as a pivotal component in
facilitating sustainable development and economic growth.
In his March 15
memo to departments and office at the national government, President Manny Mori
said the symposium would result in the formulation of actions and measures to “facilitate
investment in the FSM, focusing on improving the business climate, enhancing
financial capacity of targeted private sector stakeholders as well as the
confidence of financial institutions to lend to the private sector”.
A committee has
been put together to undertake state and national consultations and steer the comprehensive
preparations with membership from the Department of Resources and Development,
the Office of SBOC, the FSM Development Bank, and the FSM Petroleum
Corporation.
The Department of
R&D recently issued information on the consultation schedule in the
following manner:
March 28,
consultation meeting with departments and offices at the FSM National
Government;
April 2-5,
consultation meetings in the State of Yap;
April 8-9,
consultation meetings in the State of Chuuk;
April 12-16,
consultation meetings in the State of Kosrae.
Meetings with
Pohnpei State has already been done according the department.
The Department of
R&D serves the focal point for the symposium which will be held at the
College of Micronesia-FSM, Palikir Campus.
President Mori also
indicated that a State and National Leadership Conference will immediately
follow the symposium to allow for leadership consideration for endorsement of
its recommendations.
If investments involving long term (50 to 200 years) FSM land leasing are contemplated or discussed, it would be of some value to make doubly sure that the effects of inflation, on land lease values, are fully understood! U.S. Inflation has been on average 3.89% for the past 60 years: this means that for every year that passes, the "purchase power" (the dollar value) DROPS in real terms by 3.89%, year after year after year... Something for land owners to keep close to heart!
ReplyDeleteHenry Norman