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Fiji gets funding to prepare for natural disasters

Local News, News | | | By Rohit Deo

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Picture: FIJIAN GOVERNMENT/SUPPLIED.

FIJI has secured new funding to improve its preparedness for natural disasters after signing a loan agreement with Japan.

According to the Fijian Government, Attorney-General Aiyaz Sayed-Khaiyum signed a standby loan agreement worth $98,986,440.50 FJD (5 Billion Japanese Yen) with the Japan International Cooperation Agency (JICA) yesterday.

The A-G said in a statement the standby loan is a facility Fiji could tap following damage assessments in the aftermath of a natural disaster.

“This new agreement is testament to the Japanese Government’s endorsement of Fiji’s prudent financial management. This funding is contingent upon the impressive macro-economic and public finance management of the Fijian Government.”

The Resident Representative of the JICA Ms Yukari Ono said the availability of this facility will help place Fiji in a stronger state of readiness for natural disasters.

 

Source: FIJIAN GOVERNMENT.

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