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Fiji and the Pacific Islands

Fiji and the Pacific Islands

Resident Representative Office in the Pacific Islands

This web page presents information about the work of the IMF in Pacific Islands Countries, including the activities of the IMF Regional Resident Representative Office based in Suva, Fiji. Additional information can be found on the IMF country pages for Fiji, Kiribati, Marshall Islands, Micronesia, Palau, Papua New Guinea, Samoa, Solomon Islands, Tonga, Tuvalu, and Vanuatu, including IMF reports and Executive Board documents that deal with issues in Pacific Island Countries.

News — Highlights

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IMF Asia & Pacific Small States Monitor

Quarterly Bulletin; Issue 03/2014; October, 2014 click for more

IMF Pledges Continued Commitment to Partner with Small Island Developing States in their Pursuit of Sustainable Economic Development

September 3, 2014 click for more

Asia & Pacific Small States Monitor

Quarterly Bulletin; Issue 02/2014; August 18, 2014 click for more

Presentation: In Search of a Pacific Model of Growth

June 17, 2014 click for more

Speech: In Search of a Pacific Model of Growth

June 17, 2014 click for more

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Pacific Islands and the IMF

Podcast : Being a Small State Isn’t Easy, But It Doesn’t Have to be Hard

October 20, 2014
Small states or countries with fewer than 1.5 million people have been struggling economically in recent years. An IMF economist offers an explanation and possible solutions. click for more

Statement by the Hon. Tom Murdoch, Governor of the IMF and the World Bank Group for Kiribati, on behalf of Kiribati, Federated States of Micronesia, Republic of Marshall Islands, Republic of Palau, Samoa, Solomon Islands, Tuvalu and Vanuatu

October 10, 2014
PDF File Size: 199Kb click for more

Statement by the Hon. Aisake Valu Eke, Governor of the World Bank Group for Tonga

October 10, 2014
PDF File Size: 148Kb click for more

Statement by the Hon. Barry Whiteside, Alternate Governor of the IMF for Republic of Fiji

October 10, 2014
PDF File Size: 483Kb click for more

Press Release: IMF Executive Board Concludes 2014 Article IV Consultation with Tuvalu

August 28, 2014

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Regional Economic Outlook: Asia and Pacific

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Despite a weaker-than-expected first half of the year, the outlook for the Asia and Pacific region remains solid. The ongoing global recovery, while tepid, should support Asia's exports. Meanwhile, favorable financial and labor market conditions, as well as broadly accommodative policies, will continue to underpin domestic demand. GDP is forecast to grow by 5.5 percent for the third consecutive year in 2014, rising slightly to 5.6 percent in 2015. Financial dislocations associated with higher global interest rates, and protracted weak growth in advanced and emerging market economies are the main downside risks to the outlook. A sharper-than-anticipated downturn in China's real estate sector and less-effective-than-envisaged Abenomics in Japan would also adversely affect regional growth prospects. Geopolitical tensions could also disrupt trade and financial flows, with adverse effects on growth. Policymakers in the region should capitalize on the outlook to gradually rebuild policy space and push ahead with structural reforms to deliver sustainable growth. While there is no one-size-fits-all approach, fiscal consolidation should generally continue in a calibrated manner, especially where debt levels are higher, and monetary normalization should proceed particularly where inflation pressures are high or building up. Click for more