UNCDF has been present in Fiji since 2008, improving digital access for financial services and allowing greater financial penetration into rural areas that would greatly benefit low income households.
Today, UNCDF offers “last mile” finance models that unlock public and private resources, especially at the domestic level, to reduce poverty and support local economic development.
On the Financial Inclusion side, UNCDF is jointly implementing the Pacific Financial Inclusion Programme (PFIP) with the UNDP, with the overall objective to increase the number of low-income customers who adopt formal financial services. PFIP aims to add one million Pacific Islanders to the formal financial sector by 2019 by supporting policy and regulatory initiatives, funding innovation with financial services and delivery channels, disseminating market information, and empowering consumers.
The primary countries of focus of PFIP are Fiji, Papua New Guinea, Samoa, Solomon Islands, Tonga and Vanuatu. PFIP operates from the UNDP Pacific Office in Suva, Fiji and has offices in Papua New Guinea, Samoa and Solomon Islands. For more information visit www.pfip.org.