Board of Directors

As stipulated in the bank´s “Articles of Agreement Establishing the Pacific Islands Development Bank”, the two governors representing each member shall appoint, subject to the approval of a majority of the Board of Governors, one person to serve as a Director and one person to serve as an Alternate Director. The Board of Directors meet for business as often as the work of the Bank may require. It monitors the performance of the bank quarterly and submits an annual report of operations to the Board of Governors. Following are the current members of the Board of Directors

 
PALAU CNMI GUAM POHNPEI
Elbuchel Sadang
Minister of Finance
Republic of Palau 		Justo Quitugua
Vice Speaker
CNMI Legislature 		Lou Perez
Director of Administration
Government of Guam 		Jack Yakana
Former Lt. Governor
Pohnpei State
KOSRAE CHUUK YAP ADMINISTRATION
Gibson Siba
Senator
Kosrae State Legislature 		Vacant Joe Giliko
Senator
Yap State Legislature 		Aren Palik
President/CEO
Board Chairman

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USDA Rural Development Awards $750,000 in Economic Development

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).

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How To Apply »

Our Checklist of general requirements and sample forms may be downloaded from our website. Our loan process is very simple.

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Download Loan Packages Forms in PDF Format

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