ReliefWeb – 27th April, 2019.
Fiji is set to receive at least US$21 million (FJ$44m) annually through additional World Bank funding.
For the first time, Fiji has access to funding through the International Development Association (IDA), the World Bank Group’s arm for supporting the world’s most in-need countries, including funding for key regional development projects and to support the country in the event of a crisis.
“We are justifiably proud of the close partnership we are building with the World Bank Group, with recent successes including the Fijian Green Bond – the first of its kind for any developing country – and the Climate Vulnerability Assessment, launched at COP23, both strong testaments to the important role the World Bank Group has played in supporting Fiji’s development,” said Attorney General and Minister for Economy, Aiyaz Sayed-Khaiyum. “This important development recognizes Fiji’s unique vulnerability, and ensures we are well supported to deliver projects that will ultimately improve life for Fijians across the country.”Read more…
