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World Bank approves $145 million for Fiji’s sustainable recovery

In order to support Fiji’s ongoing efforts to recover from the adverse effects of COVID-19 and tropical cyclones, the World Bank’s Board of Executive Directors approved a US$145 million operation.

Faced with an extreme economic contraction that left over 30% of the country’s workforce without full-time jobs, the World Bank’s recent move will boost the South Pacific nation’s recovery apart from creating economic, social, and climate resilience.

“The COVID-19 pandemic has inflicted a terrible cost on the economies of Small Island Developing States at a time when we need every resource available directed at building resilience to devastating climate impacts,” said Fiji’s Acting Minister for Economy, Faiyaz Koya.

Editorial Desk at Agrigate.Global

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