MANILA, Aug. 1 (Xinhua) -- The Asian Development Bank (ADB) and Fiji have signed a 70-million-U.S. dollar loan agreement to help Fiji build resilience against disasters and spur sustainable growth, the multilateral lender said Thursday.
The Sustainable and Resilient Growth Program comprises a 70 million dollar policy-based concessional loan for subprogram 1 in 2024 and, indicatively, a 70 million dollar policy-based concessional loan for subprogram 2 in 2026.
The ADB said the program will support Fiji to accelerate reforms to improve the business and finance environment and boost resilience through strengthened resource mobilization and increasing the efficiency of public investment to support critical climate adaptation and mitigation priorities. ■
