Fiji Sets Example on Climate Vulnerability Assessment
Fiji’s access to long-term funding from the International Monetary Fund is for reasonably focused development projects in the areas such as fisheries, ICT, climate resilience, maritime, aviation and infrastructure investments.
It is not only to benefit Fiji, but the rest of the South Pacific.
At the IMF World Bank meeting last year, Fiji was elected to be the Chair of the Small States Forum.
It is a group of 50 small states around the world with a population size of less than 1.5 million people coming together.
These States consists of countries from Africa, Asia, Caribbean. Indian Ocean and Pacific Ocean.
A total of 120 delegates including Ministers and Governors of the World Bank had attended the Forum.
Fiji steered in-depth discussions among the forum members on blue economy and marine pollution , climate change adaptation and resilience, including financial stability.
While speaking in Parliament today, Aiyaz Sayed-Khaiyum- Attorney-General and Minister for Economy said Fiji’s position was enhanced because Fiji is the first ever country to carry out climate vulnerability assessment which many other small states want to emulate.
Fiji is also one of the first few countries in the world to have a climate change department under the Ministry of Economy.