Weather Fiji, Suva   Max 30°C, Min 23°C

Fiji Sun


MP Concerned With Use Of Green Bond Funds

MP Concerned With Use Of Green Bond Funds
SODELPA MP Aseri Radrodro
March 14
10:00 2018

SODELPA MP Aseri Radrodro says while Government describes the response to the raising of the Green Bonds as phenomenal, the obtaining of the funds is not the issue.

“It’s use, and the adherence to the framework for the disbursement of the funds, rather, is the Opposition’s concerns,” he said.

“At the forefront of our concerns is the contradiction of our national policies to the principle intent of the Funds which is to address, mitigate and prepare long term development infrastructure to be climate change resilient, not to mention mitigate against current challenges already being faced due to climate change.”

Mr Radrodro said the policies of the Government needed to be instrumental in a big way, not just lip service.

He said the Government had said through the Reserve Bank of Fiji that the Green Bond funds would be separately accounted for, and the Ministry of Economy would ensure no double funding on projects already budgeted for by Government.

He said areas of need should be prioritised when utilising these funds. Referring to the Auditor-General’s Report, Mr Radrodro said any abuse of funds or laxity in monitoring could not be entertained.

He said the Auditor-General’s Report  had shown blatant disregard for financial policies.

Edited by Naisa Koroi


Related Articles


No Comments Yet!

There are no comments at the moment, do you want to add one?

Write a comment

Write a Comment

Your email address & phone number will not be published.
Required fields are marked *

you said it
"I support it 200 percent, I am with FRU, the country and the people of Fiji. We want to bid to get one of the HSBC stops in Fiji."
Waisale Serevi
Sevens Legend
March 2018
« Feb    

Latest Photo Gallery

Fijisun Online @Instagram