Fiji: Update (June 2013)

Institutional Document | June 2013

This paper sets out the political and economic changes in the Republic of Fiji since the last update was circulated to the Asian Development Bank (ADB) Board of Directors on 4 May 2012.

This paper sets out the political and economic changes in the Republic of Fiji since the last update was circulated to the Asian Development Bank (ADB) Board of Directors on 4 May 2012. This update is provided in accordance with ADB's Fiji Islands: Reengagement Approach, which noted that the Board of Directors be kept up to date on the evolving country situation and that ADB would assess future reengagement with Fiji based on the following five criteria: (i) whether a new loan would expose ADB to additional legal or political risks associated with the country's financial obligations; (ii) whether the de facto government is in effective control of the country and enjoys a reasonable degree of stability and public acceptance; (iii) whether the de facto government generally recognizes the country's existing international obligations; (iv) the number of countries that have recognized the de facto government or dealt with it as the government of the country; and (v) the attitude of other international organizations toward the de facto government.