The export sector contributes significantly to Fiji’s economic growth. While there are some established exports, there are many small and new exporters that may need financial support before and after they sell their exports. For instance, an exporter may wait for three months before the export proceeds are received, and may need money during that period. Similarly, a small exporter may obtain a large export order, but need additional finance to be able to export the products. In order to assist these small and developing exporters, the Reserve Bank of Fiji (RBF) in 1983, introduced the Export Finance Facility (EFF) scheme. The scheme enables exporters of eligible products to obtain short-term credit from the commercial banks and Fiji Development Bank (FDB) at a concessional rate of interest.
There are two types of finance available under the EFF. These are as follows: