Fiji

Fiji Government looks to refinance US $250m Bond

Finance Permanent Secretary Filimone Waqabaca says talks have been held with various international financial institutions to work out the best solution.

“The payment next year will be in full, it will probably be a rollover depending on the arrangement that we will agree on now, so it will be a, we will have to roll over or do another float in order to repay that, but part of it will probably be taken from our funds that we have been keeping aside to help in the funding aspect of it as well.”

Education shocker

Dr Mahendra Reddy warned that teachers would be demoted to clerks within the ministry if they became a liability to the school system.

There are more than 8000 teachers around the country.

In an interview, Dr Reddy said the underperforming teachers had Monday sick leaves, affairs with students, did not cover classes and were behind schedule.

He gave an example of how some schools were way ahead in terms of the curriculum coverage.

IMF lauds Fiji's efforts for its approach in disaster risk management

The IMF’s Asia and Pacific Department director, Changyong Rhee, says he has continued to work very closely with the Fijian government in this area and was happy to note that inroads have been made through the national budget and other key policies to achieve this.  
 

We back MSG Peace-Keeping: Fijian PM Bainimarama

Prime Minister Voreqe Bainimarama confirmed this to the Fiji Sun. He suggested Black Rock in Nadi as the best place to train the proposed peacekeeping force.
 
Bainimarama said this had been a topic discussed by the MSG Police Commissioners. The MSG Police Commissioners met in Honiara last month.
 
The Prime Minister said if this issue was brought up at the meeting in Honiara this week, Fiji would support it.
 

Magnitude 6.5 earthquake strikes off Fiji coast

The seismic movement was recorded 56km north-east of Ndoi Island, according to the US Geological Survey.

It is believed no tsunami alert has been issued.

The quake struck around 417km south-east of Suva, the capital.

A Geoscience Australia spokesman said quakes were common in the area.

"Earthquakes of this magnitude are not at all unusual in that part of the world, and it was very, very deep so it's something unlikely to have any impact on the surface," he said.

IMF, Fiji to co-host a High-Level Dialogue to Discuss Resilience to Natural Disasters in the Pacific

The Dialogue “Enhancing Macroeconomic Resilience to Natural Disasters in the Pacific Islands” will build on previous conferences held in Samoa and Vanuatu and recent IMF analytical work on this topic. It will bring together leading policymakers from 13 Pacific Island nations, as well as representatives from regional development partners, international financial organizations and think tanks.
 

ACP – EU endorse resolution on natural disasters in Vanuatu

ACP – EU Co- Presidents, Louis Michel said the assembly expressed solidarity for the people affected during cyclone Pam and called on the international community to continue its support in the rebuilding process.

They say ACP and EU countries must ensure that the post-2015 development agenda takes account of the needs of ACP small island developing states by addressing the impact of climate change and building resilience to natural disasters.