Republic of Fiji: 2010 Article IV Consultation-Staff Report and Public Information Notice on the Executive Board Discussion

April 8, 2011

Preview Citation

Format: Chicago

Republic of Fiji: 2010 Article IV Consultation-Staff Report and Public Information Notice on the Executive Board Discussion, (USA: International Monetary Fund, 2011) accessed November 23, 2024

Summary

Fiji’s economy has contracted by 3 percent in 2009, and marginal growth is estimated for 2010. Foreign exchange reserves have improved steadily following the April 2009 devaluation and stood at over 4 months of imports (US$710 million) at end 2010. Fiji’s economic growth was low in the past few years and the structure of the economy remained broadly unchanged. The weak business climate results in sluggish private investment and is the major impediment to economic growth in Fiji. Fiji’s economy––especially tourism and finance––is linked closely to its regional neighbors.

Subject: Agricultural commodities, Banking, Commodities, Exchange restrictions, Foreign exchange, Imports, International trade, Price controls, Prices, Public debt

Keywords: Agricultural commodities, Balance of payments, CR, Current account, Economic growth, Exchange restrictions, FNPF reform, Global, IMF's view, Imports, Interest rate, Investment climate, ISCR, Monetary policy, Price controls, Rate, RBF action, State-owned company

Publication Details

Pages:

64
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2011/085
Stock No:

1FJIEA2011001
ISBN:

9781455231119
ISSN:

1934-7685

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