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๐Ÿ‡ซ๐Ÿ‡ฏ Fiji /Economy & Trade

Fiji launches program to prepare MSMEs for investment

From FBC News · () English

Translated from English, summarized and contextualized by DistantNews.

At a glance

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  • The Reserve Bank of Fiji and The Forge Pacific Pte Limited launched a five-month program to prepare 20 MSMEs for investment.
  • The initiative will provide participants with practical skills in governance, financial management, compliance, strategic planning, and investment readiness.
  • The goal is to help these businesses grow and improve their access to finance.

The Reserve Bank of Fiji has launched a new initiative aimed at bolstering the growth of micro, small, and medium enterprises (MSMEs). In partnership with The Forge Pacific Pte Limited, the central bank will deliver a comprehensive five-month business readiness program.

This program is designed to equip 20 selected MSMEs with essential practical skills. Key areas of focus include governance, financial management, compliance, strategic planning, and investment readiness. These modules are intended to provide businesses with the tools they need to scale effectively and attract necessary funding.

The initiative underscores a commitment to fostering a more robust and investment-ready MSME sector within Fiji. By enhancing the capabilities of these businesses, the program seeks to unlock their potential for economic contribution and financial independence.

DistantNews Editorial

Originally published by FBC News in English. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.