AG tables RBF Act 1983 to extend the period for advances fro

AG tables RBF Act 1983 to extend the period for advances from 183 days to 5 years


AG tables RBF Act 1983 to extend the period for advances from 183 days to 5 years
AG tables RBF Act 1983 to extend the period for advances from 183 days to 5 years
Attorney General Aiyaz Sayed-Khaiyum.
Attorney General Aiyaz Sayed-Khaiyum has tabled a Bill to amend the Reserve Bank of Fiji Act 1983 which seeks to extend the period for advances from 183 days to 5 years.
While tabling the Bill, Sayed-Khaiyum says the restriction on advances for 183 days creates uncertainty on credit accessibility and banks and other credit institutions may find it risky and administratively cumbersome to access funds under this arrangement.
He says the restrictive loan term defeats the primary purpose of providing special incentives to the targeted sectors.

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