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AG tables RBF Act 1983 to extend the period for advances from 183 days to 5 years

AG tables RBF Act 1983 to extend the period for advances from 183 days to 5 years AG tables RBF Act 1983 to extend the period for advances from 183 days to 5 years Attorney General Aiyaz Sayed-Khaiyum. Attorney General Aiyaz Sayed-Khaiyum has tabled a Bill to amend the Reserve Bank of Fiji Act 1983 which seeks to extend the period for advances from 183 days to 5 years. While tabling the Bill, Sayed-Khaiyum says the restriction on advances for 183 days creates uncertainty on credit accessibility and banks and other credit institutions may find it risky and administratively cumbersome to access funds under this arrangement. He says the restrictive loan term defeats the primary purpose of providing special incentives to the targeted sectors.

RBF expands coverage of the Disaster Rehabilitation and Containment Facility to micro, small and medium sized enterprises and large businesses

RBF expands coverage of the Disaster Rehabilitation and Containment Facility to micro, small and medium sized enterprises and large businesses Total amount available under this facility is $200 million RBF expands coverage of the Disaster Rehabilitation and Containment Facility to micro, small and medium sized enterprises and large businesses Total amount available under this facility is $200 million [Image: File Photo] Good news for micro, small and medium sized enterprises and large businesses as the Reserve Bank of Fiji has expanded the coverage of the Disaster Rehabilitation and Containment Facility to include them in any lending. RBF has confirmed that the total amount available under this facility is $200 million.

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