Republic of Fiji: 2018 Article IV Consultation-Press Release and Staff Report

February 15, 2019

Preview Citation

Format: Chicago

Republic of Fiji: 2018 Article IV Consultation-Press Release and Staff Report, (USA: International Monetary Fund, 2019) accessed November 21, 2024

Summary

This Article IV Consultation highlights that 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 and external conditions, including oil prices and growth prospects of main trading partners, are becoming less favorable. Improving the overall business environment and governance is expected to raise potential growth by mobilizing private investment, enhancing productivity, and 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. Streamlining procedures to do business, accelerating the activation of the credit reporting agency, and reducing tax compliance costs has been recommended.

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

Publication Details

Pages:

59
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2019/057
Stock No:

1FJIEA2019001
ISBN:

9781484399484
ISSN:

1934-7685

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