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 […]
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 […]
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 […]
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 […]
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 […]
The Board of Governors of the Pacific Islands Development Bank (PIDB or Bank) has selected Ms. Lindsay Motil Timarong to be the next President & Chief Executive Officer for the regional development finance institution. Ms. Timarong is the first woman to hold this prestigious position and by virtue of her seat as President of the […]
Tofol, Kosrae – The Board of Directors of the Pacific Islands Development Bank (PIDB) held its quarterly meeting in Kosrae on January 23, 2019. Board Chairman and President/CEO, Aren Palik, called the meeting to order followed by a welcoming remark given by the newly elected Governor of Kosrae State, the Honorable Carson Sigrah. He was […]
The Republic of the Marshall Islands (RMI) recently infused an additional $992,000 into Pacific Islands Development Bank (PIDB), increasing its membership equity capital to $1.9 million, the largest among the bank’s shareholders. Marshall Islands became a member of the bank in 2011 with its initial capital infusion of $1 million. “Since becoming a shareholder of […]
PIDB Corporate Office, Guam. On January 7, 2017, Yap State Government and Pacific Islands Development Bank (PIDB) executed a Memorandum of Agreement establishing the procedures and guidelines for the implementation of a loan program established under Yap State Public Law 9-35. The Program provides $3 million to be managed and administered by PIDB, providing loans […]
HILO, HI, April 24, 2013 –
The United States Department of Agriculture (USDA) remains focused on carrying out its mission, despite a time of significant budget uncertainty. Today’s announcement is one part of the Department’s efforts to strengthen the rural economy.
USDA Rural Development State Director Chris J. Kanazawa announced today that applications are being accepted from […]
