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.

Restaurant/shop in Toorak closed after traces of rat faeces and presence of pests found inside
A restaurant/ shop in Toorak, Suva has been closed by the Health Inspectors from the Ministry of Health and Medical Services Food Unit after it failed...
2 hours ago
Excitement builds up as Hibiscus Festival coming back after 5 years
Excitement is in the air as Suva braces to hold the mother of all festivals, the Miss Hibiscus Festival which will be held after a lapse of 5 ...
3 minutes ago

Westpac grant recipient, Raina thrives at India University
Raina Ram who is pursuing a Bachelor of Science in Forensic Science in Gujarat, India, is now on her final semester and recalls the moment that ...
1 hour ago

Calls being made to include people aged 60 years in the social welfare allowance scheme
The government should look into including people aged 60 years in the social welfare allowance scheme in the upcoming National Budget to assist those ...
1 hour ago

ODPP waits for police investigation file in amusement ride case
The Office of the Director of Public Prosecutions is still waiting for the police investigation file in the case of the amusement ride incident that ...
2 hours ago

Catanasiga and Kotobalavu confirm their appearance on fijivillage Straight Talk With Vijay Narayan at 7pm tomorrow
Fiji Council of Social Services Executive Director Vani Catanasiga and Fiji Public Service Association General Secretary, Judith Kotobalavu have ...
4 hours ago

fijivillage Straight Talk with Vijay Narayan
Latest Videos

Stay tuned for the latest news on our radio stations

CFL radio frequencies
Crisis within FijiFirst relating to the termination of 17 MPs who voted for salary increases
A crisis has erupted within the FijiFirst party relating to the termination of 17 members of parliament who supported the government's motion to ...
4 days ago

Pre-Budget 2024-2025
Pre Budget 2024-2025 budget recommendations and an insight of what people on the ground wish to see in the National Budget
6 days ago

Sayed-Khaiyum case on alleged payment of Saneem's taxes without proper approval
It is alleged that between the 30th of June, 2022 and the 12th of July, 2022 in Suva, whilst being employed in the civil service as the Acting Prime ...
7 days ago