Fiji - Debt for nature swaps

(Fiji Times, Suva, 21 February 2025) Interest payments on Fiji’s national debt absorb about $500 million or 16 % of all revenue, subsequently restricting the government’s ability to roll out significant capital infrastructure build, let alone implement nature conservation activities to protect its blue economy. About 30 % of Fiji’s total debt is external debt comprising borrowings from multilaterals such as ADB, World Bank, Asian Infrastructure Investment Bank, overseas export credit agencies such as EXIM Bank of China, the Japan International Cooperation Agency, European Investment Bank and the Australian Infrastructure Financing Facility for the Pacific.