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 titleAn 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