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Funds given in instalments: Sayed-Khaiyum

Attorney-General Aiyaz Sayed-Khaiyum yesterday said Opposition member Niko Nawaikula lacked the know how in acquiring funding from international agencies. “Any international agency that gives you money for that particular project
25 May 2017 11:00
Funds given in  instalments: Sayed-Khaiyum
Attorney-General and Minister for Civil Service Aiyaz Sayed-Khaiyum, the Acting Prime Minister outside Parliament on May 24, 2017. Photo: Ronald Kumar

Attorney-General Aiyaz Sayed-Khaiyum yesterday said Opposition member Niko Nawaikula lacked the know how in acquiring funding from international agencies.

“Any international agency that gives you money for that particular project for example if GCF funds the project, all the money are not given to us as lump sum, if it takes two years you have various points of payments while doing the project,” he said.

Mr Sayed-Khaiyum was responding to a supplementary question from Mr Nawaikula who wanted a reassurance that the funds would not be channelled elsewhere from where it was allotted for.

He said without the points being met by the funding recipient, it would be impossible for the funds to be released which he said ruled out the possibility of the funds being misused.

Mr Sayed-Khaiyum yesterday clarified the issue of climate finance readiness which was the opening oral question of the session by Government MP, Brij Lal.

Mr Sayed-Khaiyum said climate finance readiness was an initiative launched by the Green Climate Fund (GCF).

“Essentially for preparing countries for the ability to accept Green Climate Fund, the ability to identify projects, carry out assessments on the projects and then of course they are able to access those funds,” he said.

The funds needed to be accessed through an accredited institution, he said.

But for Fiji’s case, he said the national designate authority dealing with the issue was the Ministry for Economy.

At the moment, Mr Sayed-Khaiyum said Fiji did not have an accredited institution to access the funds.

“This is why the first tranche of funds we received which is 32 million US dollars GCF contribution to the water and sanitation along the Suva-Nausori corridor was in fact channelled through Asian Development Bank,” he said.

Edited by Rusiate Mataika

Feedback:  arieta.vakasukawaqa@fijisun.com.fj

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