Filimone Waqabaca has been officially appointed as the new Chief Executive Officer (CEO) of the Fiji Development Bank (FDB), an important milestone in the institution’s journey, marked by an orientation at the bank’s headquarters in Suva. During the event, FDB Board Chair Damend Gounder emphasized the bank’s crucial role in Fiji’s financial landscape and expressed his confidence that Waqabaca would bring innovative strategies to propel the bank’s future success.

In his inaugural address, Waqabaca conveyed his vision for FDB to emerge as a catalyst for national development. He underscored the significance of supporting aspiring entrepreneurs and improving the quality of life in the community. Waqabaca encouraged the FDB staff to actively participate in initiatives that facilitate business development and help individuals realize their entrepreneurial dreams.

With a rich background of over thirty years in the financial sector, including notable roles at the Reserve Bank of Fiji and the International Monetary Fund, Waqabaca is well-equipped to lead FDB. He holds a Bachelor’s degree in Management and Economics from the University of the South Pacific and a Master’s in International Banking and Financial Studies from the University of Southampton.

Gounder also took a moment to express gratitude to the bank’s executive team, particularly Acting CEO Titilia Vakaoca Kamil, for their leadership during the transition period leading up to Waqabaca’s appointment. The board and staff at FDB hold optimistic expectations that Waqabaca’s leadership will enhance financial services and amplify community initiatives, which are pivotal for encouraging entrepreneurship and stimulating economic growth in Fiji.

Overall, Waqabaca’s leadership symbolizes a transformative chapter for the Fiji Development Bank, with aspirations for robust support of entrepreneurship and a commitment to economic enhancement throughout the region. His strategic vision inspires hope for a future where FDB significantly uplifts the communities it serves and promotes a prosperous economic landscape for Fiji.