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Fiji, Japan sign loan agreement

The loan, which is the largest in Japan’s loan history of aid and assistance to Fiji, comes with concessions such as a 0.01 percent interest rate and 15 years

Japan

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  23 Feb 2021 5:10 AM GMT

TOKYO: The loan, which is the largest in Japan's loan history of aid and assistance to Fiji, comes with concessions such as a 0.01 percent interest rate and 15 years of repayment period with 4 years grace period. COVID-19 has seriously impacted upon Fiji's economy which contracted by 19 per cent last year. (IANS)

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