The RBF’s Import Substitution and Export Finance Facility (ISEFF) were set up to improve Fiji’s BOP position by assisting exporters, renewable energy and import substitution businesses to obtain credit at concessional interest rates. Currently, the maximum interest rate charged on the facility is 5% p.a. The Bank, from July 2010 to 31 January 2014 approved around $ million under the Facility.
The public at large was often left in the dark about the details of the malfeasance and the losses they had suffered. Fourth, the shareholders in a few large financial conglomerates are actively questioning the remuneration of senior management in some cases. This is unprecedented, reflecting the loss of trust by shareholders in the management of financial firms.