In Fiji, we are supporting reforms that create an accommodating environment for businesses to be established, to innovate, and to increase productivity.
PSDI has been working with the Government of Fiji to:
Increase the use of the secured transactions framework established in June 2019 that has made it easier for lenders to accept movable property as collateral;
Assist with the commercial transformation of the Fiji Development Bank;
Develop effective SOE policy and legislative reform, supported by regional SOE benchmarking and analysis;
Strengthen the capacity of the Fiji Competition and Consumer Commission;
Draft a National Competition and Consumer Protection Policy; and
Implement pilot projects to help make workplaces more women-friendly and provide leadership pathways for women.
Resources and Spending
Following the elections of September 2014 and Fiji’s return to democracy, the Asian Development Bank (ADB) resumed full engagement with the Government of Fiji.
PSDI has spent more than $2.7 million on private sector development related reforms in Fiji. Financing Growth initiatives have accounted for the largest share of funding allocations—34% overall. This covers PSDI's support to the Fiji Secured Transactions Task Force and the Fiji Development Bank, illustrating the current enthusiasm for secured transactions reform in Fiji. Spending for State-owned Enterprise Reform accounts for 21% of spending in Fiji, reflecting increased requests for SOE reform support including the development of a Public Enterprise Bill and PPP Policy. Business Law Reform initiatives account for 16% of total spending, much of which has gone towards the development of a secured transactions framework—the PSDI-supported Personal Properties Securities Act and the May 2019 launch of a Personal Property Securities Registry.
On this website, $ refers to US dollars unless otherwise stated.
For detailed information on PSDI activities in Fiji, download the April 2020 PSDI Country Overview here.
Fiji at a glance
Secured transactions framework
34,000 securities registered
Women’s Business Leadership Program
Commercialisation and finance
Fiji has a new, modernized Competition and Consumer Policy, which will support economic development by safeguarding consumers and the private sector.
The Cabinet of Fiji last week endorsed a new Public-Private Partnership (PPP) Implementation Guideline, designed to support the implementation of the PPP Policy 2019. Both the guideline and the policy were prepared with PSDI support.
Movables financing "has the potential to break the cycle of dependence on limited, subsidised finance and empower farmers to better manage cash flow and re-invest in their businesses: improving growing methods, planting more trees, engaging labor when needed, and accessing networks to improve sale p
Fiji’s Personal Property Securities Registry is now live, making Fiji the 9th country PSDI has helped to establish a secured transactions framework.
Fiji’s stock exchange has adopted PSDI recommendations to help increase the number of women company directors.