Fiji: Selected Issues
October 31, 1996
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This Selected Issues paper focuses on the insolvency of the National Bank of Fiji (NBF). As of June 1995, an estimated two-thirds of its loan portfolio was judged to be nonperforming (7½ percent of GDP), with slim chances of recovery, leaving the bank with a negative net worth estimated at F$170 million. The Reserve Bank of Fiji (RBF) raised concerns about the NBF’s lending practices as early as 1991, but it lacked the power to enforce a solution. The problems continued to grow until the NBF’s liquidity position finally became untenable in 1994.
Subject: Agricultural commodities, Agroindustries, Banking, Commercial banks, Commodities, Economic sectors, Exports, Financial institutions, International trade, Public enterprises
Keywords: Agricultural commodities, Agroindustries, bills payable, broad money, Commercial banks, CR, Exports, factor cost, Fiji authorities, Fiji broadcasting commission, Fiji electricity authority, Fiji meat industry Board, Fiji sugar corporation, Fiji sugar corporation Ltd, ISCR, Pacific Islands, private sector, Public enterprises, reserve bank of Fiji, telecommunications Limite
Pages:
48
Volume:
1996
DOI:
Issue:
113
Series:
Country Report No. 1996/113
Stock No:
1FJIEA0011996
ISBN:
9781451813326
ISSN:
1934-7685
