Established in July 1989, Pacific Islands Development Bank (PIDB) is a regional development finance institution whose mission and purpose is to help accelerate economic and social development of its member islands and countries. Current members and shareholders of the Bank include the governments of the Commonwealth of the Northern Mariana Islands, Island of Guam, Republic of the Marshall Islands, Republic of Palau, and the FSM States of Chuuk, Kosrae, Pohnpei, and Yap. The bank was created in response to a long-standing desire on the part of these small island nations for a financial/lending institution that focuses on the pressing needs and the challenges of the region.
If you are seeking financing to establish a new business or expand an existing one, build your dream home or renovate your existing home, finance your child’s education or purchase a computer or a vehicle, we welcome you to explore our various loan products and programs. If you are college student, you may apply for a scholarship, or your parents may apply for a student loan.
PIDB helps foster sustainable economic and social development in its member countries through its lending program and operation, technical assistance, business advices and counseling, scholarship and internship program, and collaboration with regional governments and development partners. These programs run the gamut from promoting poverty reduction and improving standards of living to providing support for productive economic activities such as agriculture, fisheries, manufacturing, and the service industry.
We hope that you will find our Web site useful as you inquire about PIDB and in facilitating your access to the products and programs we currently offer. Enjoy!
President & CEO
Recent PIDB NewsRegional Bank Board Met, Elected RMI Speaker Capelle ChairmanHagatna, 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 […]View post
Recent PIDB NewsUSDA Seeks Applications to Promote Job Creation and Boost the Rural Economy in the Western PacificHILO, 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 […]View post
Recent PIDB NewsPIDB Board of Directors Meets in PalauKoror, 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 […]View post
Recent PIDB NewsPIDB Visits Yap and Palau, Sep 2012Yap 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 […]View post
Recent PIDB NewsPIDB Board Meeting, TinianAugust 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 […]View post