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 […]
(Tofol, Kosrae). The Board of Governors of the Pacific Islands Development Bank (PIDB) held its annual meeting on April 9, 2012 in Kosrae. Board Chairman, Governor Ehsa of Pohnpei, welcomed everyone with special recognition to Secretary of Finance of the Republic of the Marshall Islands, Alfred Alfred Jr., serving as proxy for the RMI government. […]
August 7, 2012:
(Tinian, CNMI).
The Board of Directors of the Pacific Islands Development Bank (PIDB) held its second regular meeting of the year in Tinian, CNMI, on August 7, 2012. Bank President and Board Chairman, Aren Palik, called the meeting to order at the Fleming Hotel with host Director, Diego Benavente, welcoming everyone to Tinian. Main […]
Yap Market Square/O’Keefe
September 2012
PIDB President & CEO, Aren Palik, PIDB Loan Manager, Antonio John, and Board member Diego Benavente paid a visit to the neighboring islands of Yap and Palau to meet with both current and potential clients, perform loan collection and project site visits, and to seek feedback from Yap and Palau leadership on […]
Koror, Palau.
The Board of Directors of the Pacific Islands Development Bank convened its regular meeting in Palau on January 16, 2013 at the Palasia Hotel in Koror. After the Board Chairman and Bank President, Aren Palik, called the meeting to order, host Director Secilil Eldebechel welcomed everyone to Palau with a brief update on the […]
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 […]
Hagatna, Guam.
The Board of Governors of Pacific Islands Development Bank (PIDB) met on April 10, 2014 and elected the Speaker of the RMI Parliament (Nitijela), Donald Capelle, as the new Chairman of the Board. Guam Governor Eddie Calvo was elected Vice Chairman and Yap State Governor Sebastian was elected Secretary. The outgoing Chairman, Joseph Deleon […]
