FSC claims it paid back “part of its initial $US50 million ($F92.5m) loan” and then taken out a further loan of $US5million (F$9.2m) from EXIM Bank of India. How much is part? How much is being paid in interest? If Bainimarama had not told the EU to get lost the industry could have had hundreds of millions in real aid, not loans that have to be paid back, to help improve efficiency and put farmers in a position to cope with lower prices for sugar. The biggest worry for our cane farmers is the addiction of the Bainimarama regime to lying.
Fiji Times June 09 2014 Additional India loan for Fiji