FNPF is a key economic driver in Fiji’s economy for the last six decades – Prof Prasad

Fiji National Provident Fund has been a key driver of the economy and has played a crucial role in the socio-economic development of Fiji for the last six decades.

Deputy Prime Minister and Minister for Finance, Professor Biman Prasad highlighted this during the FNPF Board Strategy Workshop in Nadi.

Professor Prasad says Fiji’s economic outlook is brighter than ever, with the FNPF taking centre stage in driving growth and development.

He says FNPF has a important role in shaping the nation's economic landscape as it is the largest financial institution in the country, managing a portfolio close to $10 billion.

The Minister’s message was one of optimism and confidence, focusing on how FNPF’s strategic decisions will influence the nation’s future success.

Professor Prasad stressed the importance of FNPF’s contributions to the recently launched National Development Plan 2025-2029 and Vision 2050.

He further says these ambitious plans aim to position Fiji as a prosperous nation by mid-century, with FNPF playing a crucial role in this vision.

The Minister says the restoration of contribution rates and efforts to return justice to pensioners affected by previous reductions have greatly improved the fund’s standing.

He adds with strategic investments and forward-thinking leadership, the fund is set to lead Fiji’s economic rise, ensuring that both its members and the country benefit from its growth.