Senior officials from the World Bank recently held a significant meeting with Fiji’s Minister for Finance, Esrom Emmanuel, in Suva to further their collaboration on key development initiatives. This meeting underscored the commitment of both parties to strengthen their partnership and enhance ongoing projects.
Stephen N. Ndegwa, the World Bank Division Director for the Pacific Islands, and Stefano Mocci, Country Manager for the South Pacific, conveyed their congratulations to Emmanuel on his recent appointment. Emmanuel reciprocated by expressing Fiji’s gratitude for the World Bank’s enduring support, particularly for financing crucial projects like the Correspondent Banking Relationship Project, the Regional Trade Facilitation Program, and the Health Sector Project.
During the discussions, Emmanuel emphasized the critical role of concessional financing in addressing Fiji’s major development priorities. This financing is essential for upgrades to roads, health facilities, bridges, electricity supply, and water infrastructure. He affirmed Fiji’s commitment to collaborating closely with the World Bank to elevate their development efforts moving forward.
This meeting is in line with previous discussions led by Fiji’s Deputy Prime Minister and Minister for Finance, Professor Biman Prasad, who has engaged with World Bank officials to highlight the significance of international support for Fiji’s development objectives. Prasad has been vocal about the necessity of improved access to concessional loans and financing to combat economic vulnerabilities and enhance climate resilience, especially for small island nations.
The World Bank’s dedication to partnering with Fiji as it navigates its development journey brings considerable hope. As Fiji continues to invest in its infrastructure and strives towards its Vision 2050—an ambitious plan for a resilient and inclusive economy—the collaborations formed with the World Bank create pathways for sustainable progress, illustrating the potential for positive change throughout the region.