7 Sep 2007

Fiji Reserve Bank eases borrowing policies for foreign investors

10:40 am on 7 September 2007

The Reserve Bank of Fiji has eased its policy on local borrowings by foreign companies setting up business in the country.

From January next year companies which are between 91 and 100% foreign owned will be able to borrow 50% of their financing within Fiji.

Companies with lesser amounts of foreign ownership will be able to borrow progressively more within Fiji.

All three of Fiji's main commercial banks, ANZ, Westpac and Colonial, have welcomed the changes saying they will make it easier for foreign companies to invest in Fiji.