The Fiji Development Bank (FDB) provides financing that contributes to the development of the Fijian economy leading to the enhancement of the quality of life for all Fijians. The Bank was established under the Fiji Development Bank Act (Cap 214) on 1 July 1967, sixteen years after development banking started in Fiji with the Agricultural and Industrial Loans Board. It is an autonomous statutory body, the operations of which are controlled by a Board of Directors appointed, by the Minister for Economy. The award-winning Bank is also the first development bank in the South Pacific to be accredited to the Green Climate Fund (GCF), the world’s largest climate fund, as a Direct (National) Access Entity.