This year, as many of you may be well aware, the RBF has taken the challenge of promoting financial inclusion in Fiji and ensuring a financial system geared towards supporting this critical area. Our intention is to see the poor or those considered unbankable being provided access to savings and credit facilities that will ultimately help in reducing poverty.
The first major code that emerging countries were expected to follow was the Washington Consensus of the 1990s. But not all countries benefitted sufficiently from these policies and at some point, there was a backlash. The second wave of consensus came during the 2000s in the form of a plethora of international standards and codes.