Makereta Komai

Fiji

Editor in Chief at PACNEWS

Editor of PACNEWS, regional news agency covering the Pacific region, based in Suva, Fiji Islands!

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Articles

Vanuatu PM instructs review of Capital Investment Immigration Plan funds

1 month ago | pina.com.fj | Makereta Komai

Vanuatu Prime Minister has instructed the Citizenship Commission to identify where funds generated under the Capital Investment Immigration Plan (CIIP) are held or have been invested. The Citizenship-by-Investment (CBI) programme allows foreign investors to gain Vanuatu citizenship by making a significant investment in the local economy, through approved capital investment projects.
PNG Opposition file motion of no confidence today, Committee unchanged

Sep 3, 2024 | pina.com.fj | Makereta Komai

The Papua New Guinea Opposition has finally submitted the motion of a vote of no confidence against Prime Minister James Marape today. Opposition leader, Douglas Tomuriesa submitted the motion to Speaker Job Pomat at the Speaker’s office. Papua New Guinea Speaker of Parliament Job Pomat has ruled that Gulf Governor Sir Christopher Haiveta, who recently resigned from the Government, would remain a member of the parliamentary private business committee.
Growing interest in the Pacific to fund renewable energy project through PPPs

Jun 10, 2024 | pina.com.fj | Makereta Komai

Palau’s new solar power plant, commissioned in June last year serves as a benchmark for other Pacific Island Countries to seek clean energy funding support through public private partnerships (PPPs). And, the Asian Development Bank (ADB) is excited that another northern Pacific nation has signed up to consider PPP financing for renewable energy project.
Tuvalu and other Pacific countries can expect higher grant from ADF14

May 5, 2024 | pina.com.fj | Makereta Komai

Tuvalu and other Pacific countries can expect a higher concessional grant from the Asian Development Finance (ADF) – with the new USD$50 billion pledge from 36 donors announced last week. The grant pledge is the biggest so far in the history of the ADF replenishment cycle and coincides with its 50th anniversary this year. The Asian Development Fund (ADF) provides grants to ADB’s poorest and most vulnerable developing member countries (DMCs).
Pacific countries welcome ADB shift to become a climate bank for the Asia Pacific region

May 5, 2024 | pina.com.fj | Makereta Komai

The move by the Asian Development Bank (ADB) to promote itself as climate bank for Asia Pacific region has been welcomed by its 14 Pacific Developing Member States (PMDCs).
Call on ADB to secure correspondent banking partners for Pacific countries

May 5, 2024 | pina.com.fj | Makereta Komai

Pacific countries have sought the help of the Asian Development Bank (ADB) to secure correspondent banking partners to increase investment and raise opportunities for local businesses. The 14 Pacific Developing Member States (PMDCs) raised their concerns over the loss of three correspondent banking relations (CBRs) and de-risking of remittance service providers as a serious threat to the region’s financial viability and stability.
U.S regards procurement reforms a critical issue for ADB to address

May 5, 2024 | pina.com.fj | Makereta Komai

The United States, one of the donors of the Asian Development Bank (ADB) has raised the issue of procurement as a critical issue for the bank to address. U.S Governor representative to the ADB, Alexia Latortue said her government has played a pivotal role in driving ADB’s procurement reforms since 2017. This was the first step in shifting from a rigid, exclusive focus on lowest cost to recognising quality and value-for-money as core principles.
Japan calls on ADB to put particular emphasis on SIDS in disbursement of ADF14

May 5, 2024 | pina.com.fj | Makereta Komai

Japan, the largest donor to the Asian Development Bank (ADF) has asked that particular emphasis is placed on Small Island Developing States (SIDS) in the disbursement of Asian Development Fund (ADF14) funds. The call was made by Shunichi Suzuki, the ADB Governor for Japan, in his statement to the Annual Governors meeting in Tbilisi, Georgia Sunday.
ADB rolls-out gender equality toolkit for PPP projects

May 4, 2024 | pina.com.fj | Makereta Komai

Private and public companies that bid for contracts funded through the Asian Development Bank’s Public-Private Partnership (PPP) can expect gender equality component requirements in the bid document. This follows the launch of ADB’s gender equality toolkit for PPPs in November last year.
Fiji raises concerns of climate finance for Pacific at ADB Annual Meeting

May 4, 2024 | pina.com.fj | Makereta Komai

Innovative and well thought out green monetary policies like green and blue bonds are great to address climate action – but negligible when compared to the speed of damage caused to infrastructure by climate crisis in the Pacific. In some Pacific nations, the damage and loss to GDP is between 30-100 percent.