Fiji’s ECA faces teething problems

(The Jet, Lautoka, 30 April 2014) The Fiji Development Bank has reviewed the Export Credit Facility (ECF), an initiative geared towards assisting export oriented businesses that fall under government’s priority sectors for economic development. FDB acting chief executive officer Nafitalai Cakacaka highlighted that the reason for the review was the under-utilisation of the facility... In 2008 the bank received a grant of $1.5M from the Ministry of Industry and Trade to administer a loan product that would assist in the priority sectors of agriculture, forestry, marine products, mineral water products, ICT and audio visual.