The development of the South Pacific capital markets and Fiji making history by becoming the first ever developing country to issue a sovereign green bond were key topics at the 14th Annual World Exchange Congress now underway in Lebanon.
Fiji’s Central Bank Governor, Ariff Ali, is leading a delegation of Fijians at the congress, including senior management from the South Pacific Stock Exchange as well as senior representatives from some of Fiji’s leading companies.
In his speech to the congress, Ali spoke about the South Pacific capital markets landscape.
Nouzad Fareed, CEO of Fiji Holdings Limited, spoke on new technologies and their potential for developing capital markets.
The Fijian delegation was accompanied by IFC’s Pacific Manager, Thomas Jacobs, who previously worked in Lebanon for IFC, as well as IFC’s resident Representative for Fiji, Deva De Silva. The IFC representative made a presentation to the Congress on support for developing Fiji’s sovereign green bond.
While in Beirut, Ali held talks with Lebanon’s Central Bank Governor Riad Salameh.
The two governors shared experiences and discussed various ways central banks can promote greater outreach to micro, small and medium sized enterprises, especially those in tourism and agri sectors, as well as investments in sustainable energy and innovation across the economy.
Ali also held talks with Walid Raphael, Chairman and CEO of Banque Libano-Francaise S.A.L., a leading universal bank in Lebanon.
“The meetings gave Fiji a unique perspective to learn about Lebanon’s development of its markets and its support to business, particularly small businesses, as they are a lifeblood of economies and a key driver of jobs,” said IFC’s Country Manager, Thomas Jacobs.
Fiji will officially be named as host of the 2020 World Exchange Congress, which draws delegates from across the globe.