High-level executives from 20 superannuation, provident, trust, and sovereign wealth institutions, managing approximately $160 billion in assets, are convening in Nadi, Fiji, this week for the 5th Pacific Islands Investment Forum (PIIF) Annual CEO Forum. The event, which kicked off at the Sheraton Resort and Spa in Denarau, has drawn 91 registered participants from 10 member countries, alongside 15 partner institutions, marking it as the forum’s largest gathering to date.
Deputy Prime Minister and Finance Minister Professor Biman Prasad highlighted the importance of this forum in achieving retirement security and financial wellbeing for over 1.6 million Pacific people. He emphasized that the collective assets of these funds represent a vital tool for advancing economic development across the Pacific region. The PIIF serves as a platform for sharing investment opportunities, pooling resources, and fostering professional development among Pacific islanders employed in these institutions.
Fiji National Provident Fund CEO Viliame Vodonaivalu remarked on the commonalities among the member countries and the significance of collaboration, noting that the forum will also address key issues such as the appointment of a new chairperson for the PIIF.
In the context of ongoing global challenges, including economic vulnerabilities and climate change threats, the discussions at the forum reflect a commitment to finding collaborative solutions that can foster stability and sustainable growth in the region. This convergence of leaders signifies a hopeful trajectory for the Pacific, as shared aspirations and resources can pave the way for a more integrated and resilient regional economy.
The meeting concludes today, positioning itself as a cornerstone for future investment strategies and partnerships that will enhance the wellbeing of Pacific communities.
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