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Fiji Time: 5:28 PM on Friday 25 April

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Joint market effort

Timoci Vula
Friday, November 16, 2012

PARTICIPANTS at the Reserve Bank of Fiji National Capital Markets Development workshop have committed to increasing adult investor participation in the capital markets to 20 per cent of Fiji's workforce in the next 10 years.

At present, only four per cent of Fiji's workforce invested in capital markets.

Affirming their commitment at the end of the two-day meet in Lami yesterday, the participants also committed themselves to working together in partnership and in a collaborative effort to develop Fiji's capital markets, and aim to become the preferred capital markets centre for the South Pacific.

Another commitment was to ensure the central bank, the Capital Market Taskforce and sub-committees would drive and monitor implementation of the 10-year national capital markets development master plan.

They also committed themselves to identify and appoint members of the taskforce working groups by the end of this month to assist in implementing the Master Plan objectives which they committed to having it launched by June next year.