Republic of Fiji: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Fiji

December 3, 2021

Preview Citation

Format: Chicago

Republic of Fiji: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Fiji, (USA: International Monetary Fund, 2021) accessed November 25, 2024

Summary

Fiji has been among the hardest hit by the pandemic—with infection rates at one point among the highest in the world. Despite swift action by the government to close borders, protect the population, and mitigate the worst economic effects, the economic contraction was the worst in Fiji’s history. The crisis has come at a heavy social cost, including large-scale layoffs, surging unemployment, and high non-performing loans. Multilateral and bilateral support has been critical in helping Fiji weather the worst of the crisis and has facilitated a strong government response—including rapid acceleration of the government vaccination program underpinning Fiji’s reopening to international tourism.

Subject: COVID-19, Expenditure, Fiscal policy, Health, International organization, Monetary policy, Public debt, Revenue administration

Keywords: Asia and Pacific, Australia and New Zealand, COVID-19, CPI data, Fiji authorities, Government document, Money market rate, Pacific Islands, Revenue profile

Publication Details

Pages:

66
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2021/257
Stock No:

1FJIEA2021001
ISBN:

9781616356149
ISSN:

1934-7685

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