Republic of Fiji: 2011 Article IV Consultation

IMF Staff Country Reports, February 21, 2012

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Republic of Fiji: 2011 Article IV Consultation

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Bibliographic details

• Published: February 21, 2012
• Series: IMF Staff Country Reports
• DOI: https://doi.org/10.5089/9781463940393.002

Economic outlook and key findings

• Fiji’s economic outlook appears stable.
• Downside risks identified:
  • political situation,
  • structural weaknesses,
  • the global environment.

Fiscal policy and 2012 budget

• The 2012 budget has proposed much-needed fiscal consolidation.
• Concern: marginal income tax rate reductions will make it difficult to achieve deficit targets.

Monetary policy

• Monetary policy is accommodative, given the currently benign inflation outlook.
• Continued vigilance against future inflationary pressure is critical.
• Recommendation: credit growth targets should be avoided.

Subjects and keywords

• Subject: Balance of payments statistics, Banking, Budget planning and preparation, Credit, Economic and financial statistics, Expenditure, Inflation, Prices, Public debt, Public financial management (PFM)
• Keywords: Balance of payments statistics, Budget planning and preparation, core inflation, CR, debt ratio, Fiji, Fijian authorities, Global, government, headline inflation, Inflation, ISCR, lending, Pacific Islands, rate, reform effort, SME lending guarantee scheme

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