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Climate funding

Hans B Boernke, Savusavu
Monday, November 27, 2017

I thank Savenaca Vakaliwaliwa for his feedback on my letter from (24/11) but I like to point out that I did not mention neither party nor Fiji Day at all. It was about a traditional recognition held publicly.

About the COP23 funding for Fiji in regards to fighting effects of climate change is neither loan nor gift.

It's rather a sort of reconciliation funding for the burden of being so negatively effected by climate change. It's not only Fiji harvesting here, other countries will do as well.

No, Fiji should not party to get a $800 million loan to upgrade and fix its water supply and sewage trouble, but this loan came as a sideline success because of Fiji's presidency at COP23.

And it's badly needed, the current system has outlived its capacity.

Fiji's current debt is already $F5 billion and the country will need many generations to pay those off, if it ever will.

World economy is driven by debt and Fiji is one of those countries who joined that bandwagon quite late anyway and will not get off soon.

But that's another topic all together.








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