World Bank

World Bank congratulates Government on PDNA report launching

At the same time, the Bank is establishing urgent needs for post Cyclone Pam.

This comment was made by a representative of the World Bank Vanuatu Office, Nancy Wells, on behalf of the World Bank Country Director for Vanuatu, Franz Dress-Gross, at the launching of the Vanuatu Government’s Post-Disaster Needs Assessment (PDNA) report Wednesday. The launching at the Prime Minister’s Office was performed by Deputy Prime Minister Moana Carcasses, on behalf of the Prime Minister, Sato Kilman.

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.”