Ms. Lindsay M. Timarong, PIDB President and CEO is presented with
the additional $300,000 capital share contribution for KADA, by the
Honorable David Paul, Minister of Finance, Republic of the Marshall Islands.

Majuro, Republic of the Marshall Islands — May 6, 2026 — The Pacific Islands Development Bank (PIDB) is pleased to announce the receipt of additional $300,000 capital share contribution from the Kwajalein Atoll Development Authority (KADA), designated for the Ebeye Residential Home Loan Program, in support of PIDB’s ongoing mission to promote economic growth and sustainable development throughout the Micronesian region.

The contribution was formally presented on Wednesday, May 6, 2026, by Honorable Minister David Paul, Minister of Finance for the Republic of the Marshall Islands and Member of the PIDB Board of Governors, to PIDB President & CEO Lindsay M. Timarong, in Majuro, Marshall Islands.

This meaningful investment reflects KADA’s commitment to improving lives and livelihoods in Ebeye and its continued dedication to strengthening regional cooperation. It also reinforces the shared goal of supporting development initiatives that uplift island communities across the region.

PIDB extends its sincere appreciation to KADA, its leadership and management, and the leadership of the Republic of the Marshall Islands for their steadfast support and partnership in advancing the Bank’s mission and strengthening collaborative development efforts across the region.