Press Release No. : 20/2007
Date : 19 October 2007
The Reserve Bank of Fiji today announced changes to its export finance facility that will enable more exporters to have access to the facility. The export finance facility (EFF) is a scheme whereby the Reserve Bank provides funds to the commercial banks and Fiji Development Bank for on- lending to exporters. The scheme was introduced in 1983 and is designed to assist the export sector by ensuring the availability of credit at relatively low interest rates.
The changes effective from today are:
More information on the export finance facility can be obtained from the Reserve Bank, the Fiji Development Bank and the commercial banks.