In addition, the Reserve Bank recently required all banks to establish Local Advisory Boards to guide senior expatriate management to better understand, and align their strategies to Fiji’s regulatory and supervisory environment, as well as national development objectives, which will include the provision of financial services to the wider community.
Bank economists, representatives from the DBE and IEB participated in this process. Eight schools made the final cut and had to present their MPC Statement to a panel of judges – this part of the Challenge was done in person. The judging panel was composed of senior staff of the Bank’s Economic Research Department.