Governor Oliver Attends Pacific Islands Development Bank Board Of Governors Virtual Meeting

On August 27, 2020, Governor Oliver, Lt. Governor Perman, and Director of the Department of Treasury and Administration, Christina Elnei attended the Pacific Islands Development Bank (PIDB) Board of Governors Annual Meeting. It was conducted virtually.

The agenda items for the meeting included Bank´s Operations, Strategic Initiatives, Budget and Financial Statements, Loan Portfolios, and Delinquency Reports. The PIDB Board of Governors is ultimately responsible for overseeing the Bank´s activities and administration, although, in practice, they delegate many of those responsibilities to the Board of Directors.

The Pacific Islands Development Bank (PIDB) is a sub-regional financial institution established to assist member countries/island jurisdictions in their economic development endeavors through its lending and assistant programs. Current members include Pohnpei State, Chuuk State, Yap State, Kosrae State, Territory of Guam, Commonwealth of the Northern Mariana Islands, Republic of Palau, and the Republic of the Marshall Islands.

For more information, you can visit the PIDB website at https://pacificidb.com/