Fiji Times – A MEETING between a special delegation from the Asian Development Bank and the Minister for Public Enterprise, Aiyaz Sayed-Khaiyum, and his permanent secretary Shaheen Ali gave indication of renewed engagement between Fiji and the ADB.
Mr Sayed-Khaiyum said the meeting was to discuss technical assistance ADB could provide with respect to the divestment of Government shares.
He said the Government shares were included in various State owned enterprises as announced in this year’s budget.
“Contrary to the claims of our opponents, we have a credible and detailed plan already well advanced to extract the maximum benefit from these assets for the Fijian people,” Mr Sayed-Khaiyum said.
“They are the ultimate stakeholders and with this partnership with the ADB, and with other institutions such as World Bank and International Finance Corporation, every Fijian can be assured that the divestment process will be carried out to international best practice and provide maximum economic benefits for Fiji and all Fijians.”
Mr Sayed-Khaiyum said discussions also revolved around areas of updating laws relating to public enterprises.
“We have had this reform on our radar and we have carried some preliminary work in this respect and now with the full engagement, we hope to have legal reforms implemented at the soonest,” he said.
– Fiji Times
