The Reserve Bank of Fiji is embarking on number of initiatives in the areas of microfinance.
Governor of the Reserve Bank Fiji, Mr. Sada Reddy made the comment at the announcement of RBF’s Hibiscus Queen contestant, Ms Financial Literacy, Marica Luvena today.
Mr. Sada Reddy said the “first thing we have done is to form a national taskforce which has got a number of various people involved in the microfinance and the finance industry which this committee is driving.”
“Today’s, function marks awareness and we are working with commercial banks as you know last year, the RBF issued a directive that each bank has to setup microfinance unit and I am pleased to say all banks have now setup microfinance in their branches and number of them have taken additional activities in their banks”, he said.
Mr. Reddy reiterated the Shanghai Trade expo held in China this year will be an opportunity to showcase Fiji.
“We are hoping that we are able to get more information on potential investors who may wish to come to Fiji as far as this visit is concerned and number of meetings with various investors.”