Tag: World Bank
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Fiji terminates US$12.5 million World Bank forest carbon project after failing to meet safeguards and governance conditions
Fiji has moved to terminate a US$12.5 million World Bank–backed forest carbon financing programme after failing to meet a series of legal, financial and safeguard conditions… Read more
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Pacific budgets tighten as maintenance cuts threaten roads, utilities and long-term growth, warns World Bank economist
Facing shrinking fiscal space, Pacific governments are forced to make hard budget trade-offs that could dent long-term growth. Investment and routine maintenance are often the first… Read more
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World Bank: Fiji’s 2026 growth outlook trimmed to 2.7% as fuel and freight costs weigh on tourism
Fiji’s tourism-led rebound may stumble again as higher fuel and freight costs push up prices for households. With debt elevations and growth expected to ease in… Read more
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World Bank urges jobs-first plan to unleash Pacific youth potential as growth slows
Young people could reshape the Pacific’s future—if policymakers embrace a jobs-led growth strategy. A concise three-pillar plan—skills and services, a streamlined business environment, and broader access… Read more
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World Bank warns Pacific growth to dip below 3% in 2026 as Fiji slows to 2.7% on higher fuel costs and softer tourism
Pacific economies face a tougher path ahead as fuel costs rise, tourism softens, and debt remains high. Fiji is highlighted for a sharper slowdown in 2026,… Read more
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Pacific Islands’ Youth Boom Could Spur Growth—Only a Strong Jobs Agenda Delivers Quality Jobs
Pacific Island nations could ride a youth-driven growth wave—if a real jobs-first strategy takes shape. A new regional outlook warns that without reforms to labour markets,… Read more
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World Bank warns Pacific faces slower growth and higher inflation as shocks mount
Pacific economies brace for slower growth and higher inflation as global shocks ripple through still-recovering markets. With fiscal buffers stretched, policy choices now will shape resilience… Read more
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Fiji Tops Pacific in Digital Government, but Online Access Gaps and Rural Divide Slow Service Uptake, World Bank Says
Fiji leads the Pacific in digital governance, but online access hasn’t yet translated into everyday public services. High connectivity hides a persistent gap between online reach… Read more
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ADB approves $50M soft loan to Fiji for health-system overhaul under PHIT, first co-financed with World Bank under FMRF
An ambitious cross-bank pact is set to overhaul Fiji’s health system—from digital upgrades and primary care modernization to a new regional referral hub—part of a broader… Read more
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World Bank Unveils Pacific Small States Strategy to Safeguard Jobs Through Regional Banking, Payments and Private Sector Finance
After the shocks that hit Pacific economies, a bold regional plan aims to lock in jobs and keep essential services flowing. Six focus areas—health, connectivity, energy,… Read more