FDB welcomes ADB's Finding Balance report

July 11, 2019 12:25 pm

FDB CEO Mark Clough [Source: FDB]

The Fiji Development Bank has welcomed the 2019 Finding Balance report commissioned by the Asian Development Bank.

FDB CEO Mark Clough says some of the findings of the report was a pleasant surprise, seeing how compliant the FDB is, in comparison to other international outstanding development banks.

The ADB report reviewed eight years of financial statements of 13 state-owned development banks across 10 Pacific Island Countries.

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“I think we’re both delighted and grateful, we’re grateful for ADB and the light that the report puts us in. ADB are a highly skilled and trusted adviser.”

Clough says the report findings also reflect the work over a number of years by the FDB staff, stakeholders, the board and government as well as the alumni management and staff.