Publications
Summary of publication
A review of the DFAT-International Finance Corporation (IFC) Fiji Partnership was conducted in February 2020 to assess the extent to which the program remains relevant and is operating efficiently and effectively. The review focused on how the Partnership to date has supported the expansion of economic opportunities and inclusive, private sector-led growth in Fiji since its inception in 2016. It also sought to develop recommendations for future work in Fiji.
The partnership employs three main pathways to advance its objectives. The review noted this includes direct support to business and improved access to capital and financial services, support for policy and regulatory reform to improve the business and investment climate in Fiji, and a brokering role in investment deals, in key areas such as renewable energy, tourism and trade. The review found that this approach was comprehensive and responsive to partner Government needs.
The Partnership was initially formed between the Australian Government, represented by the Department of Foreign Affairs and Trade (DFAT) and the International Finance Corporation (IFC) as the implementing agency, in close collaboration with the Government of Fiji. In October 2019 the Government of New Zealand, represented by the Ministry of Foreign Affairs and Trade (MFAT), formally joined the Partnership as well.
DFAT accepted all of the review recommendations. The management response represents DFAT’s commitment to program improvement for the next phase of DFAT – IFC – New Zealand Fiji Partnership (2020-22).