The Saudi Fund for Development (SFD) today signed a USD 15 million development loan agreement with the Republic of Palau, marking the Fund’s first-ever development partnership in the Pacific island nation. Surangel S. Whipps Jr., President of the Republic of Palau during a ceremony in Palau’s capital, Ngerulmud. The USD 15 million development loan will be channeled through the National Development Bank of Palau. Through its financing, SFD contributes to strengthening economic resilience, expanding access to essential services, and enabling sustainable development in developing economies. Sultan Abdulrahman Al-Marshad, CEO of the Saudi Fund for Development, stated: “We are proud to launch our first collaboration with the Republic of Palau.

Source: GNN Liberia April 06, 2026 15:32 UTC