Major Re-Engagement Between Fiji And Europe Flagged At Talks Between The Attorney General And Top European Banker

A major re-engagement between Fiji and the member nations of the European Union was canvassed at a meeting in Suva today between the Attorney-General and Minister for Finance, Hon. Aiyaz Sayed-Khaiyum, and the visiting Vice President of the European Investment Bank, Pim van Ballekom.
The AG says the Bank indicated a keen interest in entering into partnerships with Government and the private sector.
“From what the Vice President told me, we are entering a very exciting era as Fiji and the EU member countries strengthen our existing ties, work together for our mutual economic and strategic benefit and also develop opportunities working with our private sectors”, the AG said.
The European Investment Bank or EIB is owned by and represents the interests of the European Union member states. With its headquarters in Luxembourg, the bank not only provides financial lending support but also plays an advisory role in terms of financing and investment.
Today’s talks with the Attorney-General canvassed consultations on EIB financing options for Fiji, technical assistance for Fiji’s energy sector and a joint funding proposal with the Asian Development Bank for Fiji’s Urban Water Sanitation Project. The meeting was also an opportunity for both the Minister and the Vice President to canvass future potential areas of cooperation in the financial sector and infrastructure development.
The EIB delegation led by Mr van Ballekom – which is making a three day visit to Fiji – has also signed a technical assistance agreement with the Fiji Electricity Authority.
“Our interest lies where our clients want to be but our strength is in infrastructure, water, water sanitation and energy,” Mr van Ballekom said.
Before his talks with the AG, Mr van Ballekom also paid a courtesy call on the Prime Minister Hon. Voreqe Bainimarama and held a meeting with the Minister for Infrastructure, Parveen Kumar.

Print Friendly