Fiji Growth and Resilience First Development Policy Financing with a Catastrophe Deferred Drawdown Option

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The objective of the Growth and Resilience First Development Policy Financing with a Catastrophe Deferred Drawdown Option (Cat DDO) is to support the Government of Fiji in its efforts to build fiscal, climate and disaster resilience, and the foundations for private sector development. The series supports the GoF in its efforts to build fiscal, climate, and disaster resilience, and the foundations for private sector development. Pillar 1 supports(i) enhancing revenue mobilization and building fiscal buffers; (ii) strengthening disaster preparedness; and (iii) securing energy supply and supporting energy transition. Pillar 2 supports (i) facilitating micro, small and medium enterprise (MSME) access to finance; (ii) streamlining the business environment; (iii) promoting the utilization of digital financial services; and (iv) unlocking productive potential of working-age population. The proposed program forms part of the GoF’s first Joint Policy Matrix (JPM), coordinated by the Asian Development Bank (ADB) and the World Bank, comprising of 22 reforms across public financial management (PFM), sustainable economic growth, and climate and community resilience. The JPM is supported by Fiji’s other development partners: Australia, European Union (EU), and New Zealand. These partners are providing technical assistance (TA) to support reform design, implementation, and monitoring.