Aust Govt provides $19M to boost private sector growth in Fiji

The Australian Government will be providing $19 million FJD to the International Finance Corporation to boost private sector growth in Fiji.

Australian High Commissioner Margaret Twomey says Australia's partnership with International Finance Corporation  will enable many businesses across the Pacific to expand operations, become sustainable, enter new markets and maximize trade opportunities.

She says this is a four year partnership program, and Australia looks forward to working with IFC on this first country‑specific program focused on expanding the role of the private sector in Fiji.

Acting Prime Minister Aiyaz Sayed‑Khaiyum says this partnership will provide close collaboration and coordination with Fiji to support its ongoing reform agenda that would enhance business enabling environment for private sector led growth.

International Finance Corporation  has over the years scaled up its operations across the Pacific supporting infrastructure projects, financial institutions, as well as manufacturing and services companies.

IFC has also announced a resident rep that would be based in its Suva office in the coming months.