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Board of Directors Quarterly Meeting held in Pohnpei following the 2023 FSM Joint National Inauguration Ceremony & Celebrations

PIDB Board of Directors and management paid a courtesy visit with Speaker of 23rd FSM Congress, Speaker Esmond Moses and Vice Speaker Robson U. Romolow in Palikir, Pohnpei, on July 27th, 2023.
Photo Caption: From left to right: Vice Speaker Andrew May (Vice Speaker, Chuuk State Legislature), Marie Laamar (Office of […]

July 28th, 2023|News and Events|

Four Development Banks in the Region Establish Partnership: “DB PRIME”

On June 30th, 2023 A Memorandum of Understanding between the Federated States of Micronesia Development Bank (FSMDB), the Marshall Islands Development Bank (MIDB), the National Development Bank of Palau (NDBP), and the Pacific Islands Development Bank (PIDB) for institutional cooperation and regional integration was signed in a virtual signing ceremony by the Presidents of each […]

June 30th, 2023|News and Events|

PIDB Typhoon Mawar Humanitarian Aid

June 16th, 2023 – PIDB President Lindsay M. Timarong and staff, with the tireless assistance of Matt and Jimmy from Dewan Worldwide and Ready H2GO, delivered supplies to various families residing in the community of Zero Down in Ritidian, Yigo.

In the aftermath of typhoon Mawar, many families were left with total destruction of […]

June 16th, 2023|News and Events|

Board of Directors Regular Quarterly Meeting Recently Held in Kosrae

The Board of Directors for the Pacific Islands Development Bank held their quarterly meeting in Kosrae on April 26th, 2023. Speaker Kenneth Kedi, Member of the RMI Nitijela and Chairman of the PIDB Board of Governors was able to join the meeting of the Board of Directors. It has been a customary practice in the […]

April 26th, 2023|News and Events|

MIDB Provides $1 Million to PIDB for Loans to Marshallese Citizens

April 5th, 2023 – The Marshall Islands Development Bank (MIDB) granted a soft loan of $1 Million to PIDB for creation of a loan program to provide business and housing loans to Marshall Islands citizens who reside in PIDB shareholder member jurisdictions outside of the Marshall Islands – namely Guam, the Republic of Palau, the […]

April 5th, 2023|News and Events|

Chuuk State Welcomed Back to PIDB After Board Lifts Suspension

Pacific Islands Development Bank is happy to welcome back Chuuk State representation on both the PIDB Board of Governors and Board of Directors. A special virtual meeting of the Board of Governors was held on Monday, April 3rd, 2023, during which Chuuk State’s status was revisited and a quorum of the members of the PIDB […]

April 3rd, 2023|News and Events|

PIDB receives lending funds to help eligible RMI citizens

The Pacific Islands Development Bank has some exciting news for eligible citizens of the Republic of the Marshall Islands.

PIDB recently announced that a special delegation representing the Marshall Islands, Kenneth A. Kedi, speaker of the Nitijela, the national parliament, and Brenson Wase, minister of the Ministry of Finance, are on Guam for an official handover […]

December 9th, 2022|News and Events|

PIDB Recognizes New and Former Chairmen of Governing Board in Saipan

2022 October 27 – The Board of Directors for the Pacific Islands Development Bank (PIDB) will hold their first in-person meeting in Saipan, CNMI after three years of conducting Board business through virtual meeting platform. PIDB’s President & CEO holds the role of Chairperson for the Board of Directors and proposed to hold their first […]

October 27th, 2022|News and Events|

Speaker Kenneth Kedi Elected as Chairman of PIDB

2022 September 14 – Honorable Kenneth A. Kedi, Speaker of the Nitijela (Parliament) of the Marshall Islands hasbeen elected to serve as the new Chairman of the Board of Governors of the Pacific Islands Development Bank (PIDB).At the same time, Honorable Lourdes Leon Guerrero, Governor of Guam, was elected as PIDB’sVice Chairwoman, and a member […]

September 30th, 2022|News and Events|

Aingimea Joins PIDB as Loan Officer

Hagatna, Guam – Pacific Islands Development Bank (PIDB or Bank) is proud to announce and welcome Jamie James Aingimea as the Bank’s Loan Officer.

“We welcome Jamie to our PIDB family. I am confident that he will be a valuable addition to our team,” said PIDB President & CEO Lindsay Timarong. Jamie was born and raised […]

September 20th, 2022|News and Events|