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   Government of the Republic of Fiji

  Ministry of Foreign Affairs

    A Better Fiji through Excellence in Foreign Service

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Media Release

MINISTER KUBUABOLA MEETS ABU DHABI DEVELOPMENT FUND

2nd May, 2011, Abu Dhabi, UAE: Fiji’s Minister of Foreign Affairs, Ratu Inoke Kubuabola met yesterday with the Abu Dhabi Fund for Development (ADFD) to hold talks on possible ADFD cooperation in Fiji development projects.  Minister Kubuabola was met by Mr Mohammed Saif Al Suwaidi, the Acting Director General of ADFD, who visited Fiji in 2010 as part of the UAE Foreign Minister’s delegation.

The ADFD is the appointed manager of the Partnership Programme for the Pacific established by the UAE in 2010 to assist development projects in the Pacific Small Island Developing States (PSIDS).

From a selection of Fiji projects presented to the ADFD, the Government of Fiji’s “Extension of the Power Grid into Rural Areas” project was selected for positive consideration by the ADFD.  The project involves rural electrification in parts of Vanua Levu and Viti Levu yet to be connected to the national grid, and requires F$9.567 million in funding.

The ADFD requested certain additional information on the project for their consideration, and this has been provided by the Fiji delegation today, after overnight contact with the Ministry of  Foreign Affairs and Ministry of Economic Planning in Suva.

As well as providing concessionary loans and grants to developing countries, ADFD supports private sector development.  Mr Suwaidi said the private sector is acknowledged to be better suited for sustaining rapid growth than government. Therefore ADFD supports private sector development through investing in equity participation.

From the Minister Kubuabola’s presentation on Fiji’s economic development, Mr Al Suwaidi said that investment in the mining and tourism development sectors in Fiji would be of interest.  He asked that the Government of Fiji assemble some proposals in this regard, prior to advising ADFD of specific investment opportunities in these sectors.

The Minister was accompanied to the ADFD meeting by Fiji’s Permanent Representative to the United Nations, Ambassador Peter Thomson, and Principal Administrative Officer Namita Khatri of the Ministry of Foreign Affairs.

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Photo Caption: Mr Al Hosani and Mr Al Suwaidi of the ADFD, Foreign Minister Kubuabola, Ambassador Peter Thomson.