Cabinet has endorsed a Government guarantee to support borrowings by the Fiji Development Bank (FDB) for a 12-month period from 1 March 2026 to 28 February 2027.
The approved guarantee will cover funding raised through a range of instruments, including short- and long-term bonds, promissory notes, term deposits, and Reserve Bank of Fiji financing facilities, including the RBF Housing Facilities, as well as other short-term borrowings.
As part of the decision, Cabinet has also approved an increase in the Government guarantee limit from $190 million to $220 million, strengthening the Bank’s capacity to raise funds in support of its lending programmes.
The Government guarantee will be tabled in Parliament in accordance with legislative requirements.
The move is aimed at ensuring that the Fiji Development Bank can continue to play its key role in supporting national development priorities, particularly in areas such as housing, small and medium business growth, and overall economic resilience.
