Japanese economist says new program could fund businesses, infrastructure and future savings while reducing reliance on overseas borrowing. By: L.N. Reklai KOROR, Palau — A proposed Savings Bond Program could help keep more money circulating within Palau, provide affordable financing for local businesses and infrastructure projects, and encourage residents to save for retirement and education, […]
Tag: National Development Bank of Palau
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Koror Governor Vetoes Lease Reform Bill Over Legal Risks, Loan-Shark Concerns
Rudimch says measure could violate national law and put public land leaseholders at risk of losing homes By: L.N. Reklai KOROR, Palau (May 19, 2026)— Eyos Rudimch has vetoed a controversial lease reform bill that would have expanded the ability of Koror public land leaseholders to transfer or use their leases as collateral, saying the […]
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Scaled-back Lease Reform Bill Sent To Koror Governor For Signature
Scaled-back bill expands financing access for residents while limiting transfers of state residential leases By: L.N. Reklai KOROR, Palau (May 11, 2026) Koror lawmakers have approved a scaled‑back lease reform bill that preserves new financing options for residents while tightening controls on who can hold state residential leases and how those leases can be transferred. […]
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Whipps: Low-Interest ADB Loans Offer Path to Stabilize Palau’s Economy, Reduce Debt
By: L.N. Reklai Koror, Palau — President Surangel Whipps Jr. said Palau has a significant opportunity to stabilize its economy and reduce long-term debt through access to low-interest loans from the Asian Development Bank, following his recent visit to ADB headquarters. President Surangel Whipps Jr. meets with ADB President Masato Kanda at ADB Headquarters in […]
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OEK finally approves $15M Saudi loan to expand housing loans in Palau
By: L.N. Reklai KOROR, Palau (Dec. 17, 2025) — After months of delay, the House of Delegates has approved a joint resolution allowing President Surangel S. Whipps Jr. to borrow $15 million from the Saudi Fund for Development, clearing the final legislative hurdle for new funding aimed at low-cost development loans. The measure authorizes the […]
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Only $2.3 million out of $15m for housing released
Little over $2.3 million dollars’ worth of housing loans have been issued for 31 homes by both National Development Bank of Palau (NDBP) and Palau Housing Authority (PHA) reported Minister Baklai Temengil-Chilton, Chairman of the National Housing Commission(NHC), yesterday. Not all of the 31 homes acquired through this loan program were newly constructed homes. Six […]