The Fiji Development Bank (FDB) has reaffirmed its commitment to bolstering economic growth and sustainable development through enhanced financial services. Chief Executive Officer Filimone Waqabaca announced that the bank’s objectives for the upcoming months include providing robust support to sectors and enterprises that significantly contribute to the future economy of Fiji.
Waqabaca emphasized the bank’s dedication to promoting gender equality and social inclusion, asserting that it aims to ensure fair access to opportunities for everyone through its diverse products and services. He stated, “Every actor in the value chain finance will be connected through an integrated ICT platform that promotes transparent, safe, and secure information sharing.” This initiative is expected to enhance the service quality provided to customers.
Incorporating innovation and digital transformation, the bank is working towards becoming a more resilient, inclusive institution that meets the needs of both businesses and communities. By leveraging technology, FDB intends to make financial access quicker and more user-friendly, catering effectively to the varying requirements of its customers. This proactive stance echoes the bank’s previous achievements, including surpassing a lending target by disbursing over $91 million, with significant portions of this funding directed towards rural areas and women entrepreneurs.
These initiatives underscore the bank’s essential role as a pillar of support for economic inclusivity, aiming to improve the quality of life for Fijians, especially in underserved regions. As the FDB implements these changes, there is genuine optimism for a healthier financial ecosystem in Fiji, fostering community empowerment and growth.