16/07/2026
Lau Province Launches Fiji Development Banks Lau Seascape Stewardship Impact Facility
A significant milestone for sustainable development in the Lau Province was marked at Studio 6 in Suva with the launch of the FDB Lau Seascape Stewardship Impact Facility, a partnership between Conservation International (CI) Fiji and the Fiji Development Bank (FDB).
The event was attended by the Turaga na Tui Nayau, Sau ni Vanua o Lau, alongside his Masi ni Vanua, the chiefs from the 13 districts of Lau, and representatives from various groups across the province.
In his remarks, the Paramount Chief acknowledged and thanked Conservation International Fiji for its extensive work and long-standing commitment to the people of Lau. He also expressed gratitude to the Fiji Development Bank for joining the initiative and supporting efforts to promote sustainable businesses and economic opportunities throughout the province.
During the launch, FDB Chief Executive Officer, Mr. Filimone Waqabaca, reaffirmed the bank’s commitment to supporting communities in Lau through accessible financial services and tailored business support.
The Lau Impact Facility Fund, led by Conservation International Fiji in partnership with FDB, aims to support sustainable economic development, strengthen livelihoods, foster entrepreneurship, and create opportunities for individuals, communities, and businesses across the Lau Group.
The facility will help scale Micro, Small and Medium Enterprises (MSMEs), including cooperatives and eco-tourism ventures, into Fiji’s mainstream formal business sector. Key objectives include:
- Supporting enterprises that integrate biodiversity protection, climate-smart livelihoods, and ecosystem restoration into their operations.
- Building resilient community entrepreneurs through targeted training and capacity-building initiatives that balance conservation and sustainable use of natural resources.
- Aligning financial investments with national and global conservation commitments, including the Kunming-Montreal Global Biodiversity Framework.
- Leveraging Conservation International’s global expertise in conservation finance, marine science, and strategic partnerships to strengthen FDB’s lending portfolio, practices, and impact measurement.
The rollout of the facility has already begun in Yasayasa Moala, where FDB joined Conservation International on a recent visit to conduct Financial Literacy Training, register interested SMEs, and assist potential clients in developing loan proposals under the concessionary climate finance package.
Looking ahead, the FDB team is expected to visit Matuku and Totoya in September, before expanding services to the Lakeba cluster and nearby islands (Vakataukata), followed by Vanua Balavu, Cicia, and neighbouring islands, ensuring the benefits of the facility reach communities across the Lau Group.
The MOU and partnership with FDB is funded by the United Kingdom Foreign Development Office (UKFCDO) through its flagship Climate Action for a Resilient Asia (CARA) programme.
These partnerships reflect a shared commitment to empowering communities, strengthening local economies, and protecting Lau’s unique natural environment through sustainable and inclusive development.
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