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 […]
The Board of Directors of the Pacific Islands Development Bank met in Pohnpei on December 12 to 15, 2007. Attending the meeting were Elbuchel Sadang representing the Republic of Palau, Justo Quitugua representing CNMI, Gibson Siba representing the FSM State of Kosrae, Joe Giliko representing the FSM State of Yap, Jack Yakana representing the FSM […]
The Board of Governors of the Pacific Islands Development Bank convened its annual meeting at the Palau Royal Resort in Palau on April 28, 2008.
Among the key agenda items in the meeting were the reviews of the Bank´s 2007 Annual Report including its 2007 audited financial statements and the Bank´s 2008 Budget and Goals. Bank […]
Hagatna, Guam – On September 8, 2008, USDA Rural Development State Director Lorraine Shin and Pacific Islands Development Bank President Aren Palik signed the documents for a $750,000 loan under the USDA Rural Development’s Intermediary Relending Program (IRP). As the intermediary bank, PIDB will use the proceeds of the loan to finance business facilities and […]
The Pacific Islands Development Bank (PIDB) Board of Governors held a special meeting in Palau on Friday, July 30, primarily to review and address the bank’s capacity and resource base, vital to its growth and expansion strategy. While the bank has consistently grown in total assets and loan balances in the past five years, increasing […]
Colonia, Yap – The Board of Governors of the Pacific Islands Development Bank (PIDB) held its annual meeting in Yap on February 28, 2011. Board Chairman and Governor of Yap State, Sebastian Anefal, called the meeting to order, welcomed everyone to Yap with special recognition to new Board members including Speaker Judith Won Pat representing […]