The Parliamentary Committee on Economic Affairs is engaging in a nationwide consultation process as it reviews the Fiji Development Bank’s reports for 2022 and 2023. The committee aims to hear from the bank’s loan recipients, gathering their perspectives to inform future recommendations. This initiative began in Suva and will continue with meetings in various regions, including Naitasiri, Tailevu, Rakiraki, Tavua, Ba, Lautoka, Nadi, and Sigatoka until Friday.
Committee Chairman Sakiusa Tubuna expressed that this is a valuable opportunity for borrowers to voice their concerns and experiences directly to the committee. Such dialogues are crucial for understanding the bank’s operations and its impact on the communities it serves.
This consultation process aligns with the recent positive developments from the Fiji Development Bank, which reported a profit of $5.5 million for 2024, reflecting growth since the previous year’s profit of $3.78 million. The bank has emphasized its commitment to making loan products accessible and affordable, showcasing competitive interest rates that support economic development among local businesses.
By engaging stakeholders through these consultations, the committee is fostering a more inclusive economic environment and taking proactive steps to enhance financial services in Fiji. The initiative holds promise for bolstering community engagement and ensuring that financial institutions align effectively with the needs of the populace.
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