The Asian Development Bank is loaning $US200 million dollars to Fiji to boost private sector investment.
Photo: Twitter / @@FijiNDMO
According to the ADB, its loan is aimed at helping the country cope with the impact of Covid-19 which has devastated Fiji's all-important tourism industry among other sectors.
The loan is reportedly to help create a more conducive environment for private investment and business owners.
It will also support reforms in the management of public finances and strengthen the performance of state-owned enterprises.
The assistance is the third phase of a programme being done in partnership with Australia, New Zealand and the World Bank.
The ADB's Pacific director general, Leah Gutierrez says they want to help create a business environment that drives economic recovery and long-term growth through investment.