The interim Government has called on commercial banks in Fiji to partner with Government in implementing pro-growth and pro-poor initiatives come 2009.
Interim Prime Minister and acting Finance Minister Voreqe Bainimarama said the interim Government and the Reserve Bank of Fiji (RBF) had had consultations with the five commercial banks to this respect.
He said the parties had discussed that the five commercial banks in Fiji needed to participate in partner dominated initiatives that would be pro-growth, pro-poor and improve and modernise governmental operations.
“The government and the RBF will closely monitor and consult the banks on interest rates, interest rates spread, fees and charges and other determinants that will create the impetus and an environment for a national approach to create investments and saving opportunities,” Bainimarama said in his 2009 budget address.
“It is envisioned that improved and new synergy between commercial banks, government and the private sector will be realised by 1st January 2009,” he said.
