Business

International award for FDB

By FARISHA AHMED The Fiji Development Bank has been pronounced a winner in the 2014 Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) Awards. They were winners
07 Mar 2014 14:36

By FARISHA AHMED

The Fiji Development Bank has been pronounced a winner in the 2014 Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) Awards.
They were winners in the Infrastructure Development Category (category 4).
The projects which FDB entered for this category were Fiji Broadcasting Corporation, Sunergise (Fiji) Limited and the Fiji Sugar Corporation.
The bank had provided a total of $43.32 million to these three entities for their respective capital projects.
FDB chief executive, Deve Toganivalu, said being chosen as a winner was a surprise for them as there were 100 nations who were involved in this award.
The award would be presented on April 24, 2014 at the ADFIAP annual meeting to be held in Moscow, Russia.
The awards programme was initiated in 2002 as a means to recognising outstanding projects financed by member development financing institutions.




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