DistantNews
Support us
๐Ÿ‡ซ๐Ÿ‡ฏ Fiji /Economy & Trade

Fiji strengthens agricultural investment planning

From FBC News · () English

Summarized and contextualized by DistantNews.

At a glance

News Sources not specified New plan
  • Fiji is improving its agricultural investment proposal assessment capabilities through training under the FAO Hand-in-Hand Initiative.
  • The Ministry of Agriculture and Waterways aims to modernize its investment planning process by developing a standard manual.
  • This initiative will equip participants with tools to ensure agricultural investments are economically viable and resilient to market changes.

Fiji is actively working to strengthen its capacity in developing and assessing agricultural investment proposals. This effort is being supported by economic and financial analysis training conducted under the Food and Agriculture Organization's (FAO) Hand-in-Hand Initiative.

Dr. Andrew Tukana, Permanent Secretary for Agriculture and Waterways, stated that the long-term objective is to modernize the ministry's investment planning process. To achieve this, the Ministry plans to develop a standard investment-planning manual. This manual will serve as a guide for preparing and evaluating major agricultural investment proposals.

the long-term objective is to modernise the ministryโ€™s investment planning process.

โ€” Dr Andrew TukanaStating the overarching goal of the initiative.

The manual is intended to establish minimum requirements for evidence, analysis, and consultation, ensuring quality assurance. Dr. Tukana explained that this will prevent the quality of investment proposals from depending on individual officers or short-term project goals. The initiative aims to create a consistent and robust framework for agricultural investment.

Participants in the training are being equipped with practical tools to assess the economic and financial viability of agricultural investments. The training also covers how investments can remain sustainable amidst fluctuations in prices, production costs, and market conditions. This focus on resilience is crucial for long-term agricultural development in Fiji.

this would establish minimum requirements for evidence, analysis, consultation, quality assurance which will ensure the quality of investment proposals does not depend on individual officers or short term projects.

โ€” Dr Andrew TukanaExplaining the purpose and expected outcome of the standard investment-planning manual.
DistantNews Editorial

Originally published by FBC News. Summarized and contextualized by our editorial team with added local perspective. Read our editorial standards.