In the News: World Bank’s $400M boost set to transform Vanua Levu – Rabuka

In an effort to bring development to where the people live, the World Bank is committing $400 million over the next decade through the Na Vualiku-Fiji Tourism Development Program in Vanua Levu.

While speaking at the launch of the program in Savusavu, Prime Minister Sitiveni Rabuka says in the past 18 to 20 months, over 10 companies have invested in projects in Vanua Levu.

He says more of government’s commitment to creating an investor-friendly environment by developing transparent and consultative policies is critical and that includes infrastructure as well as other supporting activities that will significantly boost the economy in Vanua Levu.

Rabuka says in the Northern Division, 63 percent of the population falls within the productive age range of 15 to 64 and this demographic represents a tremendous opportunity to harness the abundant natural resources and the people for growth and development.

He says the Government is committed to transforming Vanua Levu into a thriving tourism hub, one that fosters economic growth, creates meaningful employment, and attracts both local and international investment.

The Prime Minister says tourism continues to be a driving force in our economy, and recent data from the Reserve Bank of Fiji shows that visitors’ arrivals remain strong, with nearly 100,000 visitors arriving in July and over 94,000 in August.

Rabuka says while most visitors currently focus on other parts of Fiji, we must work to ensure that more of them explore and experience the beauty and culture of Vanua Levu.

He further says while the Northern Division has the lowest multidimensional poverty rate in the country, at 26 percent, we still have work to do to lift all of our citizens out of poverty and into a better quality of life.

He says as a government, they are are focused on tackling poverty through targeted investments and policies.

Rabuka says they know that the rural areas, where 38 percent of Fiji’s poor population resides, need special attention and by addressing these disparities, the Government can make sure that every Fijian has a fair shot at success, no matter where they live.

He also confirmed that the Na Vualiku Program is firmly rooted in environmental sustainability and aligned with Fiji’s global commitment to combat climate change.

News source: https://www.fijivillage.com/news/World-Banks-400M-boost-set-to-transform-Vanua-Levu—Rabuka-4frx58/