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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. ....

Aiyaz Sayed Khaiyum , Attorney General Aiyaz Sayed Khaiyum , Reserve Bank , Fiji Act , Disaster Rehabilitation , Containment Facility , Import Substitution , Export Finance Facility , Housing Facility , Budget Amendment , இருப்பு வங்கி , ஃபிஜி நாடகம் , பேரழிவு புனர்வாழ்வு , கட்டுப்படுத்துதல் வசதி , இறக்குமதி மாற்று , ஏற்றுமதி நிதி வசதி , வீட்டுவசதி வசதி , பட்ஜெட் திருத்தம் ,

RBF expands coverage of the Disaster Rehabilitation and Containment Facility to micro, small and medium sized enterprises and large businesses


RBF expands coverage of the Disaster Rehabilitation and Containment Facility to micro, small and medium sized enterprises and large businesses
Total amount available under this facility is $200 million
RBF expands coverage of the Disaster Rehabilitation and Containment Facility to micro, small and medium sized enterprises and large businesses
Total amount available under this facility is $200 million
[Image: File Photo]
Good news for micro, small and medium sized enterprises and large businesses as the Reserve Bank of Fiji has expanded the coverage of the Disaster Rehabilitation and Containment Facility to include them in any lending.
RBF has confirmed that the total amount available under this facility is $200 million. ....

Fiji Development Bank , Reserve Bank , Disaster Rehabilitation , Containment Facility , ஃபிஜி வளர்ச்சி வங்கி , இருப்பு வங்கி , பேரழிவு புனர்வாழ்வு , கட்டுப்படுத்துதல் வசதி ,