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FIJI – Fiji stands to receive $US50 million to improve infrastructure in the country as part of its re-engagement with international donor partners.

Attorney-General and Minister for Finance Aiyaz Sayed-Khaiyum formally signed the loan agreement with the World Bank during a visit to Washington.

“This is a very significant day for Fiji. Not only do we enjoy the confidence of the World Bank and IMF for our prudent economic management but with this facility, we now have more than Fiji $102 million at the current exchange rate to dedicate to improving Fiji’s infrastructure and the performance of our economy as a whole,” Sayed-Khaiyum said in a statement.

- Fiji Times