International Finance Corporation (Fiji)

IFC’s priorities in the Pacific island nation of Fiji focus on:

• Supporting and growing micro, small and medium sized businesses by enhancing Fiji’s trade and competitiveness to attract domestic and foreign investment; and boosting access to financial services and improved corporate governance practices.
• Increasing private sector investment with a focus on business in the tourism, trade, infrastructure and agribusiness areas to help them expand locally and regionally.
• Helping build up the country’s resilience by improving access to climate finance, renewable energy, and disaster risk insurance and resilient housing.

IFC’s advisory work in Fiji is guided by the Fiji Partnership, supported by the governments of Australia and New Zealand. Through the Fiji Partnership, IFC, Australia and New Zealand are working together to stimulate private sector investment and boost shared prosperity. The Fiji Partnership has led to some significant achievements including:

• IFC led World Bank Group support for Fiji to become the first emerging nation in the world to launch a sovereign green bond. Proceeds of the US$50 million green bond are going to projects to help build up Fiji’s resilience to climate impacts.
• In a first for the Pacific, IFC has supported the government of Fiji with the first ever public-private partnership for health – a move that will provide Fijians with access to a wider range of higher quality health care services.
• The Pacific Corporate Governance Institute has been set up in Suva to promote good corporate standards, with the institute organizing in depth governance training.