Fiji
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:
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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;
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Assist with the commercial transformation of the Fiji Development Bank;
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Develop effective SOE policy and legislative reform, supported by regional SOE benchmarking and analysis;
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Strengthen the capacity of the Fiji Competition and Consumer Commission;
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Draft a National Competition and Consumer Protection Policy; and
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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 2022 PSDI Country Overview here.
Fiji at a glance
Secured transactions framework
34,000 securities registered
Women’s Business Leadership Program
Strengthened capacity
SOE benchmarking
Commercialisation and finance
Latest News
A group of 25 women have graduated from the Senior Executive Women in Leadership Program, presented by the Fiji Institute of Chartered Accountants (FICA) in partnership with PSDI.
PSDI has supported the Ministry of Public Enterprise in Fiji to hold a 1-day corporate governance workshop for board directors, senior executives, and company secretaries of public enterprises and statutory bodies.
PSDI was in Fiji recently to support the Ministry of Trade, Co-operatives, Small and Medium Enterprises (MTCSME) and the Reserve Bank of Fiji (RBF) with a series of stakeholder consultations on a proposed new Access to Business Funding Bill.
PSDI launched the new Gender-Inclusive Private Sector (GIPS) Framework and report: "Unlocking Potential: Creating a more gender inclusive private sector in the Pacific" in New York on March 13 at a side event to the 68th Commission on the Status of Women (CSW68) at the United Nations.
There is growing awareness that promoting women’s economic empowerment makes good business sense. Yet legal, regulatory, and policy barriers persist that prevent women’s full participation in the private sector, according to PSDI's new gender-inclusive private sector framework, published today.
Innovative Financing Mechanisms, such as small-scale offers regimes and investment-geared crowdfunding, can help bridge the financing gap for small and medium-sized enterprises (SMEs) in the Pacific region, says a new PSDI report.
Key Publications
