Press Release No. : 12/2010
Date : 16 April 2010
The Reserve Bank of Fiji has reviewed its Local Borrowing Policy for Non-Resident Controlled Companies and Non-Resident Individuals. Effective immediately, non-resident controlled companies and individuals will be eligible to borrow up to 100 percent of funding requirements from local financial institutions provided a debt to equity ratio of 3:1 is satisfied.
Governor of the Reserve Bank of Fiji, Mr. Sada Reddy said that the relaxation in the borrowing policy “would greatly encourage investment in the tourism sector as well as assist in the recovery of the building and construction industry.”
Further clarification of these measures can be obtained from the Reserve Bank of Fiji.