AG and Association of Banks to have a third meeting to discuss initiatives for the upcoming 2021-2022 National Budget

AG and Association of Banks to have a third meeting to discuss initiatives for the upcoming 2021-2022 National Budget

By Vijay Narayan
Thursday 08/07/2021
Attorney General Aiyaz Sayed-Khaiyum

The Association of Banks and the Governor of the Reserve Bank of Fiji, Ariff Ali met with Attorney General Aiyaz Sayed-Khaiyum for their second meeting today to discuss initiatives for the upcoming 2021-2022 National Budget.

The heads of ANZ Bank, Westpac Bank, HFC Bank, Bank of Baroda, Bank of the South Pacific and Bred Bank participated in the meeting.

They will be having further discussions in a third meeting tomorrow.

The 2021-2022 National Budget address will be delivered by Minister for Economy, Aiyaz Sayed-Khaiyum at 7.30pm next Friday.

In the 2020/2021 National Budget, Sayed-Khaiyum had highlighted that as at that date they had worked with the financial sector to restructure over $3.4 billion in loans, freeing businesses and families from mandatory monthly loan repayments.

He had also announced that the Association of Banks had agreed to, on a case-by-case basis, extend loan deferments until 31st December 2020.

Loans have been further deferred this year on a case-by-case basis.

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