Republic of Fiji: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Fiji

February 22, 2016

Preview Citation

Format: Chicago

Republic of Fiji: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Fiji, (USA: International Monetary Fund, 2016) accessed September 20, 2024

Summary

Fiji is enjoying a strong growth momentum due to accommodative policies, robust tourism and strong remittances, and an improvement in the terms of trade. The smooth and peaceful elections in September 2014 marked the return to democracy—leading to a normalization in relations with development partners, further boosting investor and consumer confidence. While addressing infrastructure gaps and further improving the business climate will be critical to ensure strong, sustainable and more inclusive growth, this must be balanced against the need to consolidate fiscal policy. Risks are tilted to the downside, related to external developments and prolonged accommodative policy settings.

Subject: Banking, Credit, Fiscal policy, Labor, Money, Public debt, Public financial management (PFM), Real effective exchange rates

Keywords: Australia and New Zealand, CR, Credit, Credit growth, Development partner, Fiji, Fijian authorities, Global, Government, Government finances, Growth prospect, Headline inflation, ISCR, Pacific Islands

Publication Details

Pages:

65
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/054
Stock No:

1FJIEA2016001
ISBN:

9781513569147
ISSN:

1934-7685

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