Senior officials from the World Bank recently convened with Fiji’s Minister for Finance, Esrom Emmanuel, in Suva to discuss the ongoing collaboration between the Bank and the Pacific nation. This meeting highlighted crucial development initiatives and reaffirmed the commitment of both parties to strengthen their partnership.
World Bank Division Director for the Pacific Islands, Stephen N. Ndegwa, along with Country Manager for the South Pacific, Stefano Mocci, extended congratulations to Emmanuel on his recent appointment. In response, Emmanuel expressed Fiji’s appreciation for the World Bank’s long-standing support, particularly in funding vital projects such as the Correspondent Banking Relationship Project, the Regional Trade Facilitation Program, and the Health Sector Project.
During the discussions, Emmanuel underscored the importance of concessional financing, which he described as essential for addressing significant development priorities, including road upgrades, health facilities, bridges, electricity supply, water needs, and various infrastructure projects. He affirmed Fiji’s ongoing dedication to working closely with the World Bank to enhance collaboration and elevate development efforts in the years to come.
This dialogue aligns with previous engagements by Fiji’s Deputy Prime Minister and Minister for Finance, Professor Biman Prasad, who has met with various World Bank officials to reinforce the importance of international support for Fiji’s development goals. Prasad has consistently highlighted the need for increased access to concessional loans and financing to tackle economic vulnerabilities and enhance climate resilience, particularly for small island nations.
The World Bank’s commitment to working alongside Fiji as the country navigates its development path is a source of optimism. As Fiji continues to focus on expanding its infrastructure and supporting its Vision 2050—a transformative strategy for a resilient and inclusive economy—the partnerships cultivated with the World Bank pave the way for a sustainable future, showcasing the potential for positive change within the region.