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Marshall Islands Development Bank Act 1988.

Country/Territory
Marshall Islands
Document type
Legislation
Date
1988 (2006)
Source
FAO, FAOLEX
Original source
Marshall Islands Consolidated Legislation, 2004.
Long title
An Act to establish the Marshall Islands Development Bank, to regulate its functions and powers and for purposes related thereto.
Subject
Agricultural & rural development
Keyword
Agricultural development Institution Special fund
Geographical area
Micronesia, Oceania, South Pacific
Abstract

This Act provides for the establishment of the Marshall Islands Development Bank as a body corporate. All monies of the Investment Development Fund standing to the credit of the Marshall Islands Development Authority (“MIDA”) shall be transferred to the Bank. The Bank shall provide financial assistance to enterprises operating in the Marshall Islands in the agriculture, fisheries or other specified economic sections by providing loans or guarantees and by making equity investments.

Full text
English
Website
www.paclii.org