Olter re-elected president and Nena begins a second VP term; FSM Economic Summit held.
What happened
The 1995 FSM Economic Summit met shortly before the scheduled 1996 step-down in Compact grants. Its recommendations led directly to the 1997 restructuring programme of early retirement and a smaller government.
Who’s who
- Bailey OlterThird President of the FSM, 1991–1996; from Pohnpei
- Jacob NenaFourth President of the FSM, 1996–1999 (acting until May 1997); from Kosrae
