NZ Commits $8.6m to Support Fiji’s Economic Reform Programme
The New Zealand Ministry of Foreign Affairs and Trade is providing FJ$8.6 million funding to the Government of Fiji to support implementation of the Government’s ambitious economic reform programme over the next two years, which will focus on: improving fiscal management, strengthening public enterprises and public-private partnerships, and improving the business and investment climate in Fiji.
New Zealand’s support will be provided through a mix of grant funding to Government agencies, technical advisors, and partnerships with New Zealand Government institutions to enable exchange of skills, knowledge and systems.
In addition to supporting a wide range of reforms, it will also focus on areas where New Zealand can add most value. For example, New Zealand is ranked #1 in the global ‘doing business’ rankings and support may include a focus on supporting Fiji to improve the ease of doing business in this country, including through the recently launched online information portal bizFIJI.
Initial support will also assist the Fiji Consumer Competition Commission to develop more modern and streamlined competition and consumer protection laws that promote economic development. This will include a partnership with New Zealand’s Commerce Commission.
New Zealand is joining the Asian Development Bank and World Bank in supporting the Government’s economic reform programme.