Fiji Recovery and Resilience First Development Policy Operation with a Catastrophe-Deferred Drawdown Option

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The development objectives of the Recovery and Resilience First Development Policy Operation with a Catastrophe-Deferred Drawdown Option in Fiji are to: i) promote private sector-led economic recovery; ii) enhance climate, disaster, and social resilience; and iii) strengthen debt and public financial management. The development policy operation supports the Government’s efforts to address short- and long-term challenges associated with climate and disaster risk and impacts of COVID-19. Reforms under Pillar 1 aim to create an improved environment for private sector development and promote private sector-led economic recovery. Pillar 2 supports reforms to improve resilience to current and future climate change of coastal and marine areas, buildings and strengthen the effectiveness and efficiency of social protection programs. Pillar 3 supports measures to strengthen debt and public financial management. These reforms are closely aligned with current priorities of the 5- and 20-year National Development Plan.