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FSC, FDB Get Extra Help

Two important institutions received much needed guarantees from Government yesterday in Parliament. The Fiji Development Bank received a guarantee of $110million and the Fiji Sugar Corporation received a guarantee of
22 May 2015 10:32
FSC, FDB Get  Extra Help

Two important institutions received much needed guarantees from Government yesterday in Parliament.

The Fiji Development Bank received a guarantee of $110million and the Fiji Sugar Corporation received a guarantee of $120m.

In presenting the motions separately, the Acting Prime Minister Aiyaz Sayed-Khaiyum emphasised the importance each institution played in the socio-economic development life of Fiji.

The motions were met with robust debates from the Opposition including Biman Prasad, Viliame Gavoka Niko Nawaikula, Mosese Bulitavu and Tupou Draunidalo.

Opposition MP Prem Singh, like his colleagues, emphasised that they were not against helping the Fiji Sugar Corporation per se, but wanted more information to know what they were voting for.

Government parliamentarian Ashneel Sudhakar and Minister for Agriculture, Rural Development and National Disaster Management Inia Seruiratu also contributed to the debates.

They joined the Acting Prime Minister in emphasising the fact that the FSC, like the FDB, needed the extended financial lifeline to help the farmers.

Feedback: litia.cava@fijisun.com.fj

 




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