The Reserve Bank of Fiji is also doing its part to support the Government’s efforts to boost the economy through the tourism sector. Recent initiatives by the RBF include the engagement of an Asian Development Bank (ADB) Consultant to conduct a review on the local value added content requirement for a sustainable tourism industry.
Once this report becomes available the Bank will consult with the key stakeholders to see how best we can get our tourism industry to contribute more in terms of local value added. In this regard the RBF will also work with the commercial banks and other lending agencies to ensure that new lending is targeted more towards hotels which have significant local value added.