PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

605169

Primary Business Area

Other

Disclosure Date

May 18, 2021

Country

Fiji

Region

East Asia and the Pacific

IFC Approval Date

Oct 1, 2020

Status

Completed

Estimated Total Budget

$427,011.00
(Project budget includes all project-funded activities)

Last Updated Date

May 14, 2026

Project Estimated Start Date

Aug 1, 2020

Project Estimated End Date

Jun 30, 2022

Project Description

The Fiji Payment System Project aims to improve access to electronic payment services for the unserved and underserved households in Fiji and provide a modern infrastructure for financial service providers. This will be achieved by strengthening the legal frameworks, regulations and oversight of payment systems in the country, building national payment systems and enhancing capacity for regulators and market participants. The delivery of this project will occur under two components: i. Legal and regulatory reform; and ii. Payment and securities settlement systems upgrade. Cutting across the two components will be capacity building and market awareness activities.

Development Results

E&S Risks / Impacts and Mitigation