Experts from Singapore are expected in the country soon to carry out a review of the Fiji National Provident Fund to ensure the superannuation fund returns to its core functions and remains viable in the long run.
While announcing the 2010 National Budget, Prime Minister and Minister for Finance Commodore Voreqe Bainimarama revealed that a number of agencies are targeted for reform and review next year which include the FNPF, FEA and the Fiji Sugar Cooperation.
Permanent Secretary for Finance John Prasad says the review is needed to get FNPF back on track.
Meanwhile, also in the 2010 Budget, government has allocated $3 million for agricultural projects aimed at reducing Fiji's growing reliance on imports, particularly rice, livestock products, fruits and vegetables.
This is also expected to improve current trade imbalances.
According to the Agriculture Ministry food imports have increased significantly over the years, from $355.5 million in 2005 to $520 million in 2008.
Government has also revealed that they have planned to intensify the Export Promotion Programme next year.
To facilitate this, a further $2 million has been allocated next year for the further development of products geared towards export, such as papaya, taro, cassava, ginger, pulses and vegetables.
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Singapore experts expected to review FNPF
