SUVA, Aug. 30 (Xinhua) -- The Fijian government and the World Bank Group signed an agreement on Wednesday to open a new regional office in Suva, which will act as a hub for the bank's operations across the South Pacific.
The larger World Bank Group presence in Suva will facilitate greater support for projects both in Fiji and the region, with more technical staff with expertise in macroeconomic policy, public sector management, maritime transport, aviation, information communications and technology, and disaster resilience.
Fijian Prime Minister Voreqe Bainimarama and World Bank Vice President for East Asia and Pacific Victoria Kwakwa attended the signing ceremony.
The agreement also included a potentially larger presence for the International Finance Corporation (IFC), a member of the World Bank Group and the largest global development institution focused on the private sector in emerging markets.
Kwakwa's visit to Fiji came ahead of the 48th Pacific Islands Forum Leaders' Meeting in Apia, Samoa, where she will meet with heads of states and development partners, and lead the launch of the World Bank's flagship report for the region Pacific Possible, which has identified the key transformational opportunities and risks for the region until 2040. Enditem
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