PM OFFICIATES AT FDB’S 50TH ANNIVERSARY LAUNCH

Prime Minister Hon. Voreqe Bainimarama this evening announced that as of 1 September, for a six month period, all application fees for loans under 20,000 dollars with the Fiji Development Bank will be waived, along with the establishment fees for all loans up to 5,000 dollars.

The head of government made this announcement at the FDB’s 50th anniversary launch at the Grand Pacific Hotel.

“I’m excited, this evening, to announce that the FDB is making it more affordable than ever before to take out loans with the Bank,” PM Bainimarama said.

“Our work to empower the Fijian people – whether through security of tenure, land development, home ownership or otherwise – has seen an explosion in the number of Fijians eager to join our formal financial sector, and I’m glad to see the FDB respond to that demand.”

PM Bainimarama added that government had nominated the FDB to become a National Accredited Entity under the Green Climate Fund.

“This accreditation will grant us better access to the critical finance we need to adapt the Fijian economy and stave off climate catastrophe for the Fijian people,” PM Bainimarama said.

“The GCF is global fund that supports efforts of developing countries to adapt their economies to the impacts of climate change by improving access to finance to fund low-emission and climate-resilient development.”

The Prime Minister also unveiled the FDB’s anniversary logo and launched the bank’s 2018 – 2020 Strategic Plan.

 

[Source: Fijian Government]

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