FIJI’S reform momentum has enabled the country to move forward in developing a major five-year compact with the Millennium Challenge Corporation (MCC).
The Coalition Government’s consistency in pursuing governance reforms and updating national economic policies has bolstered international confidence, helping secure eligibility for the five-year funding agreement framework.
The Compact Development Funding Agreement was signed by US Deputy Secretary of State Christopher Landau and Finance Minister Esrom Immanuel in Suva on Saturday, enabling a joint technical work to design projects aimed at unlocking private sector-led growth and strengthening economic cooperation.
“This is more than an agreement, it’s a catalyst for prosperity,” Mr Landau said.
“By working with Fiji, we aim to design a compact that drives investment in Fiji, opens new markets for American companies, and strengthens the foundation for a free and open Indo-Pacific.
“This agreement reflects Fiji’s commitment to good governance, economic freedom, and investments that foster growth. Together, we will tackle key development challenges and create lasting benefits for Fijians.”
