ADB seals first trade finance deal in Fiji
The Asian Development Bank (ADB) has signed its first trade finance deals in Fiji, with two agreements with the Home Finance Company (HFC Bank).
A revolving credit facility and a credit guarantee facility are worth a combined US$4mn and will help HFC support local exporters in key areas such as sugar, copra and other agricultural goods.
It marks the first use of the ADB’s Trade Finance Programme in the Pacific nation. HFC becomes the fourth ban to sign up among the Pacific Island nations. It comes just weeks after the ADB opened its book for Papua New Guinea.