12 Sep 2019

Big ADB loan for Fiji private sector development

8:57 pm on 12 September 2019

The Asian Development Bank (ADB) is to loan Fiji $US65 million to foster the private sector.

The Asian Development Bank (ADB) is an Asia regional development organization dedicated to reducing poverty in Asia and the Pacific.

The Asian Development Bank (ADB) is an Asia regional development organization dedicated to reducing poverty in Asia and the Pacific. Photo: AFP/ Jay Directo

The ADB said the aim of the loan was to drive economic growth through investment.

The bank's Pamela Wyatt said the Fiji government intended to improve the management of public finances, to strengthen the performance of state-owned enterprises and to open up opportunities for private investment.