SUNBIZ

World Bank labels Government Efforts To Rebuild Better Exemplary

  Our Government’s efforts of rebuilding better and stronger after the devastation by Cyclone Winston has been noted by the World Bank as exemplary for the Pacific. World Bank Group
18 Oct 2016 11:00
World Bank labels Government Efforts To Rebuild Better Exemplary
From left: Ms Victoria Kwakwa, the Vice President for East Asia and Pacific, World Bank Group is accompanied by the Attorney-General and Minister for Economy Aiyaz Sayed-Khaiyum. Photo: PAULINI RATULAILAI.

 

Our Government’s efforts of rebuilding better and stronger after the devastation by Cyclone Winston has been noted by the World Bank as exemplary for the Pacific.

World Bank Group Vice President for East Asia and Pacific, Victoria Kwakwa, highlighted these observations yesterday following a meeting with the Government officials. She was speaking during a press conference with the Minister for Economy, Aiyaz Sayed-Khaiyum.

Ms Kwakwa said during her one day here, she had the chance to understand Government’s efforts to rebuild.

“How the government is rebuilding better, I think provides lessons for the other countries in the Pacific who are vulnerable and go through similar experiences.

“I think the big lesson is of using the negative event as positive going forward.”

Mr Kwakwa also applauded Government involving the private sector as part of the rebuilding solution as opposed to just using the public sector.

“That is also an interesting lesson for other countries because it does create jobs and also builds the capacity,” she said.

This is Ms Kwakwa’s first visit to the Pacific and she was delighted to have started with Fiji. She hopes to understand the countries in the region better with the challenges they are facing and having discussions with the key counterparts to help strengthen the relationships.

“It will also help me understand how we can be more effective in helping the Pacific Island countries fully seize the opportunities they have and better address the challenges to their development,” she said.

 

Fijian concerns

Mr Sayed-Khaiyum confirmed Fiji has raised a number of issues in respect of how Fiji things the World Bank can look at a number of issues in the manner in which they did with their member countries.

He said the discussions were not specifically just for Fiji though.

“We had discussions about small states – access to concessional fundings,” Mr Sayed-Khaiyum said.

“We also spoke about the number of regional initiatives that perhaps we can collaborate with the World Bank with not just for Fiji but for the rest of the Pacific Island countries.

 

New engagement

Ms Kwakwa highlighted that the World Bank didn’t do much with Fiji for quite some time. However, the reengagement began in 2015 and they currently are working with Fiji on transport infrastructure investments alongside ADB.

“We have discussed other possible areas we can work in to really help optimise Fiji’s location and potential role as a regional hub,” she said.

“And how that vision can come into not only benefitting Fiji but more countries in the region. So we have had very substantive discussions.

“We are beginning preparations of what we call systematic country diagnostics which form the basis on our next strategy document. And so in that context, it will firm up some of our future engagements under the partnership.”

Edited by: RACHNA LAL



Laybuy it 5squares


Get updates from the Fiji Sun, handpicked and delivered to your inbox.


By entering your email address you're giving us permission to send you news and offers. You can opt-out at any time.


Covid 19 - SPC
Total
Subscribe-to-Newspaper
Fiji Sun Instagram
Subscribe-to-Newspaper