SME Times is powered by   
Search News
Just in:   • India, Saudi Arabia discuss community welfare, consular matters in Jeddah  • Italy's Dy PM, EAM Jaishankar discuss India-Middle East-Europe Economic Corridor, Gulf situation  • Trinidad PM, EAM Jaishankar discuss economic cooperation to deepen ties  • PM Modi expected to visit Canada in December, looking forward to hosting him: Mark Carney  • EAM Jaishankar discusses collaboration in AI, space, energy with counterparts from UAE, France 
Last updated: 18 Jan, 2025  

fiji.jpg Fiji govt introduces measure to reduce dependency on foreign labour

fiji.jpg
   Top Stories
» Sensex, Nifty post marginal gains as crude prices drop below $100
» Sensex, Nifty open marginally higher over crude price correction
» Sensex, Nifty post early gains over correction in crude prices
» FIIs offload Rs 7,620 crore this week, domestic investors infuse Rs 11,232 crore
» 68 Japanese firms finalising manufacturing, research plans in India: Ashwini Vaishnaw
IANS | 18 Jan, 2025

The Fijian government has implemented a series of strategic measures to build local capacity and reduce dependence on foreign labour, the Pacific island country's Deputy Prime Minister and Minister of Finance Biman Prasad said.

He made the remark in response to queries about the outflow of remittances by foreign workers in Fiji to their family members abroad, the Fiji Broadcasting Corporation reported on Friday.

Prasad said the outflow of remittances by foreign workers sending money to their families back home was a common and expected global trend but pointed out that Fiji faced unique challenges due to a substantial imbalance between the money flowing out and what the country received through remittances. To address this economic challenge, he said the government had implemented a series of strategic measures to build resilience and reduce dependency on foreign labour.

According to the Deputy Prime Minister, a cornerstone of this approach was a renewed focus on education, training and workforce development.

One key initiative has been the reform of the Tertiary Education Loans Scheme, which resulted in the government writing off 650 million Fijian dollars (around $279 million) in student debt, relieving 53,000 families of financial stress.

In tandem with debt forgiveness, the government has increased its investment in scholarships, particularly in technical fields, the report said.

Scholarship recipients are required to serve the country after completing their studies, a move designed to ensure that public funds invested in education deliver tangible benefits for Fiji.

Prasad said the government's efforts to align education and training programs with labour market needs were also the way to go.

He said this strategy aims to build a skilled workforce capable of addressing critical gaps in sectors vital to Fiji's growth, Xinhua news agency reported.

This strategy aims to build a skilled workforce capable of addressing critical gaps in sectors vital to Fiji’s growth, he added.

 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
₹96.5
₹94.8
UK Pound
₹132.25
₹128.15
Euro
₹113.6
₹109.8
Japanese Yen ₹61.3 ₹59.45
As on 03 Sep, 2026
  Daily Poll
What’s your biggest challenge with the 45-day payment rule?
 Corporates canceling our orders
 Clients demanding longer credit anyway
 Strained business relationships
 Filing complaints kills future work
 No issues, cash flow has improved
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter