{
  "title": "Republic of Fiji: 2011 Article IV Consultation",
  "publication": "IMF Staff Country Reports, February 21, 2012",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/republic-of-fiji-2011-article-iv-consultation-25735",
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  "summary": "This 2011 Article IV Consultation reports that Fiji’s economic outlook appears stable, but there are downside risks related to the political situation, structural weaknesses, and the global environment.",
  "publishDate": "2012-02-21",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Economic outlook and key findings",
      "content": "- Fiji’s economic outlook appears stable.\n- Downside risks identified:\n  - political situation,\n  - structural weaknesses,\n  - the global environment."
    },
    {
      "heading": "Fiscal policy and 2012 budget",
      "content": "- The 2012 budget has proposed much-needed fiscal consolidation.\n- Concern: marginal income tax rate reductions will make it difficult to achieve deficit targets."
    },
    {
      "heading": "Monetary policy",
      "content": "- Monetary policy is accommodative, given the currently benign inflation outlook.\n- Continued vigilance against future inflationary pressure is critical.\n- Recommendation: credit growth targets should be avoided."
    },
    {
      "heading": "Subjects and keywords",
      "content": "- Subject: Balance of payments statistics, Banking, Budget planning and preparation, Credit, Economic and financial statistics, Expenditure, Inflation, Prices, Public debt, Public financial management (PFM)\n- 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\n\n---\n\n Content in this bundle\n\n- Selected excerpts — REPUBLIC OF FIJI\n  - Selected excerpts — REPUBLIC OF FIJI (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Selected excerpts — REPUBLIC OF FIJI (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2016/12/31/republic-of-fiji-2011-article-iv-consultation-25735"
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    "Published: February 21, 2012",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781463940393.002",
    "Fiji’s economic outlook appears stable.",
    "Downside risks identified:",
    "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 is accommodative, given the currently benign inflation outlook.",
    "Continued vigilance against future inflationary pressure is critical.",
    "Recommendation: credit growth targets should be avoided.",
    "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",
    "**Selected excerpts — REPUBLIC OF FIJI**"
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