Fiji Development Bank (FDB) is working on developing new lending policies specifically designed for organic farming as this is still a niche area in Fiji.

“The organically grown product market has huge potential and the Bank would like to encourage and grow this area so that farmers can adapt to sustainable and environmentally friendly ways to farm their produce for the local and overseas markets,” FDB Chief Executive Officer, Mr Deve Toganivalu said.

He said that the continuous Government support towards tourism, sustainable energy, and climate change adaptation strategies will see new lending policies that serve to effectively grow the portfolio in these sectors and set new standards that dovetail into global benchmarks.

“The Bank’s increased participation will help create employment opportunities, enhance foreign exchange necessary for economic growth and prosperity,” he said.