Fiji has secured critical concessional financing following high-level discussions with the Asian Development Bank (ADB) during its Annual Meeting in Samarkand.

Minister for Finance, Commerce and Business Development, Esrom Immanuel, met with the ADB President and senior management, with the financing set to support Fiji’s response to the ongoing fuel crisis and the upcoming national budget.

The funding will help ease pressure on Government finances, strengthen foreign reserves and support overall economic stability, while offering a more affordable option than domestic borrowing.

Discussions also advanced key renewable energy initiatives, including the Viti Levu Transmission Project, which will strengthen energy security and support Fiji’s transition to renewable energy.

ADB also confirmed it will scale up support through its Pacific Subregional Office to improve implementation of priority government programmes.

Cabinet approval was granted for the Minister’s travel, recognising the importance of securing this financing at a critical time for Fiji’s economy.

This outcome reflects the strong partnership between Fiji and ADB in addressing immediate challenges while supporting long-term sustainable growth.