AGP Executive Report
Last update: 10 hours agoFiscal Outlook: Fiji’s debt could top 90% of GDP by 2028 if global shipping and fuel costs stay high, El Niño worsens and spending reforms stall, the World Bank warns. Finance officials say debt repayments and more than $300 million in government-guaranteed Fiji Sugar Corporation debt are squeezing funds for essential services; the Bank urges targeted help for households facing rising costs. Farm Finance: Sugarcane growers can now apply for revolving credit by mobile phone through a new Sugar Cane Growers Fund facility. Markets: Kontiki Finance will pay shareholders 8 cents per share for 2026, a 14% increase in its total dividend payout. Climate Investment: Fiji secured a US$35.2 million Green Climate Fund grant to protect the Great Sea Reef and restore more than 3,000 hectares of mangroves and forests. A separate US$15 million GCF investment will help launch a US$60 million fund for climate-focused businesses in Fiji, Tonga and Vanuatu.
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