ADB releases loans, grants for Pacific

The Asian Development Bank has announced a series of grants to Pacific nations. US$13.3million has been made available to 10 nations—Cook Islands, Kiribati, Marshall Islands, Federated States of Micronesia, Palau,

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Fiji faced with a potential US$608 million tourism loss

Fiji is looking at a potential loss of F$1.4 billion (US$608 million) in tourism earnings as global travel grinds to a halt by the ongoing coronavirus pandemic. This is according to a recent assessment by the ANZ Bank

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Potential wait of “months” for green light on Fiji US$200m ADB loan bid

Fiji’s loan request of US$200million (F$460m) from the Asian Development Bank (ADB) “will be considered by ADB’s Board of Directors in the coming months,” according to a statement from the ADB this

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ADB- POSITIVE ECONOMIC PROSPECTS FOR PACIFIC

BY: PENI KOMAISAVAI The Asian Development Bank says economic prospects for the Pacific are good, with growth expected to increase to 3.5 per cent this year. The ABD predicts growth of 3.2 per cent in 2020,

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