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Govt guarantee ceiling to increase for FDB

Summary by fijilive.com

Cabinet has endorsed a Government Guarantee for the Fiji Development Bank (Bank) borrowings from 1 March 2025 to 28 February 2026 (guarantee period). There will also be an increase in the Government guarantee ceiling from $130 million to $190 million for the period March 2025 to February 2026. The current Government guarantee for FDB’s borrowings for a sum of $130 million for the 12-month period from 1 March 2024, will end on 28 February 2025. T…

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Govt guarantee ceiling to increase for FDB

Cabinet has endorsed a Government Guarantee for the Fiji Development Bank (Bank) borrowings from 1 March 2025 to 28 February 2026 (guarantee period). There will also be an increase in the Government guarantee ceiling from $130 million to $190 million for the period March 2025 to February 2026. The current Government guarantee for FDB’s borrowings for a sum of $130 million for the 12-month period from 1 March 2024, will end on 28 February 2025. T…

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fijilive.com broke the news in 2 days ago on Thursday, February 20, 2025.

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