AIIB Approves USD80 million to Strengthen Fiji’s Economic and Climate Resilience

The Asian Infrastructure Investment Bank (AIIB) has approved USD80 million in sovereign-backed financing to support the Republic of Fiji's efforts to strengthen economic resilience, enhance climate and disaster preparedness, and advance reforms that foster private-sector development.

The financing is provided under AIIB's Energy, Food Security and Economic Resilience Facility and is co-financed with the World Bank. The two institutions are providing a combined USD230 million in fast-disbursing budget support to help implement the government's reform program.

The program combines timely financial support with policy reforms to strengthen economic resilience, improve disaster preparedness and create a more enabling environment for private-sector growth. These efforts come as Fiji continues to enhance its resilience to external economic uncertainties, including global supply disruptions, as well as climate-related shocks, which can affect public finances and investment in essential services.

By 2028, the program is expected to expand the population covered by disaster-risk-reduction plans, improve public financial management for disaster preparedness, increase small and medium-sized enterprises' access to regulated financial services, streamline regulatory requirements for low-risk tourism businesses, expand digital payments, and improve nutrition referral and physical activity outcomes for children.

"AIIB's financing provides timely support for Fiji's reform agenda while helping strengthen the systems that underpin long-term economic resilience," said Kim-See Lim, AIIB's Chief Investment Officer, Public Sector (Region 1) & Financial Institutions and Funds (Global) Clients. "We remain committed to helping our members strengthen resilience, advance sustainable development and respond effectively to evolving global challenges."

Minister for Finance, Commerce and Business Development, Hon. Esrom Immanuel, welcomed AIIB's growing partnership with Fiji and expressed appreciation for the Bank's timely support.

"We sincerely thank the Asian Infrastructure Investment Bank for its continued confidence in Fiji and for this significant financing, which comes at an important time as we advance key reforms to strengthen our economy and build resilience against future shocks. This support complements our commitment to prudent fiscal management, climate resilience and creating a more enabling environment for businesses and investment. Together with our development partners, we are laying the foundation for a stronger, more inclusive and sustainable future for all Fijians," he said.

The program is aligned with Fiji's National Development Plan 2025-2029 and Vision 2050 and further reinforces AIIB's longstanding partnership with Fiji. AIIB remains committed to supporting the country's development priorities by investing in sustainable infrastructure and further extending its Climate-focused Policy-based Financing program.

About AIIB

The Asian Infrastructure Investment Bank is a multilateral development bank dedicated to financing "Infrastructure for Tomorrow," with sustainability at its core. AIIB began operations in 2016, now has 111 approved members worldwide, is capitalized at USD100 billion, and is AAA-rated by major international credit rating agencies. AIIB collaborates with partners to mobilize capital and invest in infrastructure and other productive sectors that foster sustainable economic development and enhance regional connectivity.