The Fiji Development Bank (FDB) has reaffirmed its commitment to driving economic growth and sustainable development through improved financial services. Chief Executive Officer Filimone Waqabaca shared the bank’s objectives for the coming months, highlighting a robust focus on supporting sectors and enterprises crucial to Fiji’s future economy.
Waqabaca underscored the bank’s commitment to fostering gender equality and social inclusion, ensuring equitable access to opportunities for all through its array of products and services. He remarked, “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 promises to enhance the quality of service available to customers.
The bank’s strategy also embraces innovation and digital transformation, as it aims to evolve into a more resilient and inclusive institution that addresses the needs of both businesses and communities. By harnessing technology, FDB seeks to streamline financial access, making it quicker and more user-friendly, thus effectively catering to the diverse needs of its customer base. This proactive approach is in line with the bank’s previous success, which included exceeding a lending target of over $91 million, with significant allocations directed towards rural areas and women entrepreneurs.
These initiatives highlight the bank’s pivotal role as a cornerstone of support for economic inclusivity, aiming to elevate the quality of life for Fijians, particularly those in underserved regions. As FDB rolls out these changes, there is palpable optimism for a more robust financial ecosystem in Fiji, which is poised to empower communities and encourage growth.