New Credit Union Act recommended

Pablo Lopez Murphy (2nd from left) from International Monetary Fund with his team during a press conference in Suva this morning. Picture: RAMA/FILE

THE legal frameworks underpinning financial sector oversight in Fiji have gaps. According to the International Monetary Fund’s 2018 Article IV Consultation with Fiji, the oversight of credit unions and cooperatives by the Registrar of Credit Unions is inadequate. The report went on to say that the credit unions lacked reliable record keeping and there was […]

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