The facility is available for a maximum loan term of 5 years and is available through the commercial banks, licensed credit institutions and the Fiji Development Bank (FDB). 4  BIS Review 88/2010  The RBF has also offered a scholarship for Chef Training in Malaysia which should encourage the use of local foods in preparation of hotel menus.
This is targeted at reducing our import bill and improving our balance of payments position, as well as encouraging local value adding. Local businesses should try to seize the opportunities that are arising out of these initiatives I have just mentioned. The Reserve Bank is also embarking on developing an effective and all-encompassing framework to guide community or village development.