Motion passed for parliament to guarantee FDB loans
It would be negligent to not guarantee the loans - AG

Motion passed for parliament to guarantee FDB loans

It would be negligent to not guarantee the loans - AG

By Semi Turaga
Wednesday 09/02/2022
Acting Prime Minister Aiyaz Sayed-Khaiyum. Photo: Parliament of Fiji

A motion for the Government to guarantee borrowings of the Fiji Development Bank from 1st March this year to 28th February next year has been passed in parliament.

There was opposition to the motion and parliament voted through acclamation.

The Government is guaranteeing $200 million through that period.

Acting Prime Minister Aiyaz Sayed-Khaiyum says it would be negligent to not guarantee the FDB loans.

He says the Opposition has not given any feasible alternative.

Sayed-Khaiyum says there are systemic issues that the Opposition does not want to address like the non-renewal of leases in the 1990s.

He adds there are ginger farmers who have collectively received nearly $1 million in loans in the last 8 months from FDB and there is a new package being put together for the new season.

FEATURE NEWS
Two women killed in domestic violence cases this year - Ali
Two women lost their lives this year alone at the hands of their husbands while 53 women have lost their lives over the past 11 years. Fiji Women...
5 hours ago
LATEST NEWS
Prof. Biman Prasad to appear on fijivillage Straight Talk With Vijay Narayan at 7pm Wednesday
Deputy Prime Minister and Minister for Finance, Professor Biman Prasad will appear on fijivillage Straight With Vijay Narayan at 7pm ...
4 hours ago

Man found floating in Navua River this morning
A man in his 40s was found today floating in the Navua River near Naitata. Police say the case was reported at the Navua Police Station and the ...
4 hours ago

Chinese national allegedly locked out of home by husband, lawyer claiming human rights violation
A Chinese national residing in Fiji is bringing to light her alleged unlawful eviction from her home in Laucala Beach after the landlord was ...
4 hours ago

Police investigate teacher’s sexual assault allegation after claims of delayed action
A teacher’s allegation that he was sexually assaulted by another teacher while accompanying him at a workshop during the school holidays in May is ...
4 hours ago

From banking to fitness : Michael Prasad opens gym in Suva to tackle NCDs
34 year old Michael Prasad who transitioned from working in a bank to starting his own business, is now running a fitness centre called Evolve ...
4 hours ago



fijivillage Straight Talk with Vijay Narayan
Latest Videos

Stay tuned for the latest news on our radio stations

CFL radio frequencies
yb
IN DEPTH
Doctor Alipate Vakamocea on fijivillage Straight Talk with Vijay Narayan
Fiji Medical Association President, Doctor Alipate Vakamocea will appear on fijivillage Straight Talk with Vijay Narayan The show will focus on ...
10 days ago

Mangal and Akauola on fijivillage Straight Talk With Vijay Narayan
Adult Teen Challenge Fiji Executive Director, Hemraj Mangal and Director, Matai Akauola appear on fijivillage Straight Talk With Vijay Narayan The ...
10 days ago

Sporting federations demand answers from FASANOC
National sporting federations who are part of Fiji Association of Sport and National Olympic Committee or FASANOC, are still calling for answers and ...
17 days ago

TOP