Business

World Bank predicts growth for Fiji

March 19, 2019 6:27 am

The World Bank has stated the vast opportunities in Communications and Technology can increase Fiji’s Gross Domestic Products.

At the same time, it says it will create 300 thousand additional jobs across the Pacific region by 2040.

While opening its new office in Suva yesterday, the World Bank Group stated they are looking forward to providing more assistance to Fiji and the Pacific.

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World Bank Country Director Michel Kerf says the new office has opened doors for more opportunities for the Pacific region.

“We are expanding our presence here because we understand the significant opportunities and also the challenges facing Fiji and other Pacific countries.”

The World Bank says they are ready to provide a high level of partnership to grow in the region.

Minister for Economy Aiyaz Sayed-Khaiyum says the new office comes with numerous opportunities that Fiji can benefit from.

“We need to have a mind shift, we need to change our mind and the way we look at the business within government and outside government and how we relate to the private sector”

Sayed-Khaiyum has also stated it is vital to engage the private sector while carrying out relevant work to develop our economy.