Four members of the Fiji Development Bank (FDB) have officially been reappointed to the body’s Board of Directors by the Attorney-General and Minister of Economy, Aiyaz Sayed-Khaiyum.
The reappointments, effective as of January 7, 2018, are as follows:
Robert Gordon Lyon has been reappointed for another three-year term as Chairman;
Wella Pillay has been reappointed for another two-year term as Deputy Chairman;
Inia Naiyaga has been reappointed to a two-year term as Director; and,
Rajesh Kumar has been reappointed to a two-year term as Director.
The Fiji Development Bank was established on July 1, 1967 under the Fiji Development Bank Act 1967. FDB is an autonomous statutory body, the operations of which are controlled by a Board of directors appointed by the Minister of Economy.
Under the Act, the Bank provides finance for projects that contribute to the development of Fiji’s economy and the improvement of the quality of life for the people
Loan funds are provided for Agricultural, Small and Medium, as well as Corporate enterprise projects.
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