Republic of Fiji: 2018 Article IV Consultation-Press Release and Staff Report
IMF Staff Country Reports, February 15, 2019
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- Republic of Fiji: 2018 Article IV Consultation-Press Release and Staff Report
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Bibliographic details
- Published: February 15, 2019
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484399484.002
Overview and macroeconomic context
- Publication date: February 15, 2019
- Pages: 59
- Volume: 2019
- Issue: 057
- Series: Country Report No. 2019/057
- DOI: https://doi.org/10.5089/9781484399484.002
- Stock No: 1FJIEA2019001
- ISBN: 9781484399484
- ISSN: 1934-7685
Key findings
- The economy is recovering well from several natural disasters, supported by accommodative fiscal and monetary policies.
- Growth performance picked up in recent years with improved political stability, though average growth rates were still lower than in other emerging and developing countries.
- Fiscal buffers have been used.
- External conditions are becoming less favorable, including oil prices and growth prospects of main trading partners.
- Improving the overall business environment and governance is expected to raise potential growth by:
- mobilizing private investment,
- enhancing productivity,
- diversifying the economy.
- An improvement in the overall business environment is essential to achieve the ambitious growth targets laid out in the National Development Plan.
Policy recommendations
- Streamline procedures to do business.
- Accelerate the activation of the credit reporting agency.
- Reduce tax compliance costs.
Subjects and keywords
- Subject: Commercial banks, Credit bureaus, Expenditure, Financial institutions, Financial markets, Fiscal policy, Fiscal stance, Public debt
- Keywords: appraisal, Commercial banks, CR, Credit bureaus, Fiji, Fiscal stance, government, growth momentum, headline inflation, investment regime, ISCR, Pacific Islands, pension savings withdrawal, staffs appraisal
Source: Republic of Fiji: 2018 Article IV Consultation-Press Release and Staff Report, February 15, 2019.
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- 1fjiea2019001