Commonwealth Development Authority Development Banking Division Development Corporation Division Qualifying Certificate Program Loan Programs Investment Packet Investment Guide Investment Registry/Survey Economic Indicators Annual Report Employment Notices Contact Us CNMI Links Home The Commonwealth Development Authority (CDA), formerly known as the Economic Development Loan Fund, was established as an autonomous public agency in 1985 through Public Law 4-49. The Authority's functions are carried out through the Development Banking Division (DBD) and the Development Corporation Division (DCD). The Banking Division generally engages in government and public sector activities while the Corporation Division engages in private sector activities. CDA's purpose is to stimulate economic development in the Northern Mariana Islands. CDA's mission is to provide economic loan funds to private and public sectors for economic development. CDA achieves this mission in the following ways: By providing aid for the financing of capital improvement projects undertaken by the Commonwealth and its autonomous agencies, the DBD: Acts as the financial Advisor to all government agencies and concurs on all public debts of the Commonwealth. Aims to increase the capital market-funding base for government and public capital improvement through bond floatation. CDA works with qualified govern