NATION

Japan Offers $200m COVID-19 Loan To Fiji

Prime Minister Voreqe Bainimarama said the best way to build resilience over the long-term is to bring our COVID-stricken economy fully back to life.
23 Feb 2021 11:01
Japan Offers $200m COVID-19 Loan To Fiji
Ambassador of Japan to Fiji Kawakami Fumihiro with Prime Minister Voreqe Bainimarama after the signing ceremony at the Office of the Prime Minister on February 22, 2021. Photo: Office of the Prime Minister

The Government of Japan yesterday formalised $200 million Emergency Yen Loan for COVID-19 Response’ to the Fijian Government in its efforts to enhance resilience against the pandemic.

A Signing and Exchange of Notes ceremony signifying Japan’s assistance (10 Billion Japanese Yen) to Fiji was yesterday hosted by the Office of the Prime Minister.

Prime Minister Voreqe Bainimarama said the best way to build resilience over the long-term is to bring our COVID-stricken economy fully back to life.

“This support from the Japanese Government today will allow us to further strengthen our COVID defences, particularly our public health systems and it will equip our frontline workers as we prepare to step through the door of a post-pandemic future,” he said.

“Of course, that key to that door is vaccines. And that is why we are advocating at every opportunity for equitable access to vaccines for our people. We cannot wait on the wealthy world’s recovery.

“We must see our people protected alongside Americans, Australians, Kiwis, the Japanese and the rest of the developed world.

“Anything short of that would be a moral and medical failure.

“Your plans to host the global games this summer in Tokyo give us all hope that life as we knew it is within reach. And we look forward to watching Team Fiji compete and our chance to defend our gold medal in rugby sevens.”

Economic development

Ambassador of Japan to Fiji Kawakami Fumihiro said the loan was Japan’s largest single biggest economic development contribution to Fiji through its history of bilateral relationship.

He said the loan amount would be provided with an extremely concessional condition of 0.01 per cent interest rate and 15 years of repayment period with four years grace period.

The support will enable the Government of Fiji to implement its planned activities for the fiscal year 2020-2021 and direct resources for COVID-19 response such as strengthening health and medical services.

Edited by Ranoba Baoa

Feedback: adi.sovasiga@fijisun.com.fj



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