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IFC To Increase Investments And Advisory Work In Fiji

IFC To Increase Investments And Advisory Work In Fiji
International Finance Corporation’s Vice President for Asia and the Pacific, Nena Stoiljkovic met with Prime Minister Voreqe Bainimarama on August 20, 2018.
August 21
11:33 2018

International Finance Corporation (IFC) is looking to increase its investments and advisory work in Fiji.

IFC’s Vice President for Asia and the Pacific, Nena Stoiljkovic met with  Prime Minister Voreqe Bainimarama and the Attorney-General and Minister for Economy, Aiyaz Sayed-Khaiyum yesterday.

“Firstly, I want to thank the government of Fiji and the people of this country for their hospitality on my first visit to Fiji,” said Ms Stoiljkovic.

“As the largest global development institution working with the private sector in emerging markets, IFC is looking to increase its investments and advisory work supporting Fiji.

“We know the private sector is fundamental to drive economic growth and help create jobs in Fiji.

“IFC, working with our colleagues at the World Bank, were pleased to support Fiji become the first emerging market in the world to launch a sovereign green bond, showing the rest of the world it’s possible for small island states to develop new sources of climate financing.

With the support of the government of Australia, she said IFC is working to help Fiji increase the value of tourism for Fijian businesses and communities and create jobs.

“IFC is also working with the Government on boosting Fiji’s trade and competitiveness by improving the investment climate, as well as looking at ways to overcome barriers to women in the workforce.

“We know that vulnerability to natural disasters is a significant issue for Fiji, so IFC is helping Fiji develop disaster risk insurance for low income families and affordable housing.

“IFC is also providing technical support to the Fijian Government for a public-private partnership, PPP, for the Ba and Lautoka hospitals, to improve healthcare services and facilities to support the wellbeing of the Fijian people.

“We are eager to increase our investments in Fiji, as we continue to explore opportunities in infrastructure, information and communication technologies as well as support for small and medium sized enterprises.”

Ms Stoiljkovic will be attending the Fiji Agriculture and Tourism Linkages Report Launch and Signing of Cooperation Agreement with the Ministry of Industry, Trade and Tourism at the Grand Pacific Hotel, Suva, today.

Later, she will attend the launch of IFC Tackling Childcare Feasibility Study at the the Holiday Inn Suva.

About IFC:

IFC—a sister organisation of the World Bank and member of the World Bank Group—is the largest global development institution focused on the private sector in emerging markets.

It works with more than 2,000 businesses worldwide, using our capital, expertise, and influence to create markets and opportunities in the toughest areas of the world.

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