Government of the Federated States of Micronesia

Raigetal appointed as Chairman of FSM Banking Board

PALIKIR, Pohnpei (FSM Information Service): March 20, 1998 - President Jacob Nena, on March 12th appointed Larry Raigetal as Chairman of the three member FSM Banking Board.

Nena also congratulated Raigetal, a Foreign Service Officer, Department of Foreign Affairs for winning the confirmation of Congress for his nomination along with Ms. Rose Nakanaga from the Investment office of the FSM Department of Finance and Administration, and Tony Otto, Special Assistant to President on Legislative Matters.

The Board is tasked with the supervision and institutional strengthening of the banking institutions in the FSM and is staffed by a Banking Commissioner, a Financial Analyst and a Secretary.

Nena expressed his confidence that Raigetal, with his credentials, will bring improvement and benefits to the Board of Chairman.

For further information on this release, please contact:

FSM Office of the President
Public Information: Press, Radio, Video
P.O Box 34
Palikir Station, Pohnpei, FM 96941
Tel.: (691) 320-2548/2092
Fax.: (691) 320-4356