$102.7million Boost To Address Employment Impacts Of COVID-19 The immense social and economic impact of COVID-19 have brought Fiji’s tourism sector to a virtual standstill have been exacerbated by a staggering five tropical cyclones since January 2020: including two severe Category Five cyclones. by world bank
2021-03-27
The World Bank’s Board of Executive Directors has approved a US$50 million ($102.7 million) Credit to support Fiji’s recovery from the impacts of COVID-19 and severe tropical cyclones Harold and Yasa.
The project has a special focus on women who have been disproportionally affected by the crisis.
In the past 12 months, Fiji has experienced an extraordinary hit from external shocks.
Indra Singh Manager News and Sports
[email protected] | @IndraFBC
January 22, 2021 11:04 am
The World Bank Group has today announced a new strategy for Fiji worth over one billion dollars.
The World Bank will be providing over $429 million, while IFC will pump in over six hundred million dollars.
A statement released today says the Fijian Government and the World Bank Group have agreed to a new strategy in Fiji over the next four years.
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The WBG says central to the strategy is a focus on supporting Fiji’s recovery from the economic and social impacts of COVID-19, as well as severe Tropical Cyclones Harold and Yasa, in addition to the ongoing impacts of climate change.