A-G up­dates banks on eco­nomic out­look

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The As­so­ci­a­tion of Banks in Fiji paid a cour­tesy visit to the At­tor­ney-Gen­eral, and Min­is­ter for Econ­omy, Aiyaz Sayed-Khaiyum to brief Govern­ment on their ac­tiv­i­ties and dis­cuss ar­eas of pub­lic-pri­vate co-op­er­a­tion in our eco­nomic de­vel­op­ment. The meet­ing cov­ered our re­cov­ery and re­ha­bil­i­ta­tion ef­forts in the af­ter­math of Cy­clone Win­ston. They also dis­cussed the need to ad­dress labour and skills short­ages to bol­ster the na­tion’s con­struc­tion boom fol­low­ing Cy­clone Win­ston. Mr Sayed-Khaiyum said: “Govern­ment is pur­su­ing a pru­dent strat­egy for eco­nomic de­vel­op­ment that re­quires ro­bust en­gage­ment with the pri­vate sec­tor, par­tic­u­larly with our bank­ing in­dus­try. “We need to work to­gether to de­velop fi­nan­cial so­lu­tions that al­low Fiji to take full ad­van­tage of the Cy­clone Win­ston re­build phase and that po­si­tion our econ­omy to­wards sus­tain­able and in­clu­sive longterm growth,” he said. The A-G in­formed the as­so­ci­a­tion mem­bers of the Fi­jian Govern­ment’s pri­or­ity to in­crease home own­er­ship among or­di­nary Fi­jians. He called on the Re­serve Bank of Fiji, Fiji Na­tional Prov­i­dent Fund and other fi­nan­cial or­gan­i­sa­tions to work to­gether to com­ple­ment Govern­ment’s vi­sion of rapidly boost­ing home own­er­ship by of­fer­ing af­ford­able in­ter­est rates for home loans. The as­so­ci­a­tion agreed to hold reg­u­lar meet­ings and con­sul­ta­tions with Govern­ment to re­view progress to­wards agreed bench­marks and ex­plore new ar­eas of col­lab­o­ra­tion.

We need to work to­gether to de­velop fi­nan­cial so­lu­tions that al­low Fiji to take full ad­van­tage of the Cy­clone Win­ston re­build phase. Aiyaz Sayed-Khaiyum A-G and Min­is­ter for Econ­omy

Photo: DEPTFO News

At­tor­ney Gen­eral and Min­is­ter for Econ­omy Aiyaz Sayed-Khaiyum (mid­dle), with Per­ma­nent Sec­re­tary for the Min­istry of Econ­omy Mak­ereta Kon­rote (left), and mem­bers of As­so­ci­a­tion of Banks in Fiji.

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