Republic of Fiji: Staff Report for the 2013 Article IV Consultation

December 20, 2013

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Republic of Fiji: Staff Report for the 2013 Article IV Consultation, (USA: International Monetary Fund, 2013) accessed November 26, 2024

Summary

This 2013 Article IV Consultation highlights that growth in the Fijian economy increased to 2¼ percent in 2012, supported by income tax cuts, low interest rates, and the one-time payouts under the Fiji National Provident Fund (FNPF) reform, which offset the negative impact of the severe floods and Cyclone Evan on the agriculture and tourist sectors. Inflation declined as imported commodity and food prices moderated. With a lower-than-budgeted deficit of 1 percent of GDP, Fiji’s debt-to-GDP ratio continued to decline in 2012. The latest available indicators suggest accelerating growth momentum in the first half of 2013 boosted by increases in disposable income, bank borrowing, and rising investment.

Subject: Agricultural commodities, Balance of payments statistics, Commodities, Credit, Economic and financial statistics, Expenditure, Macrostructural analysis, Public debt, Structural reforms

Keywords: Agricultural commodities, Asia and Pacific, Australia and New Zealand, Balance of payments statistics, Banking sector, CR, Debt management, Fiji, Fijian authorities, Global, Government, Government ministry, ISCR, Pacific Islands, Policy, Policy discussion, Policy recommendation, Structural reforms, Youth unemployment

Publication Details

Pages:

62
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/370
Stock No:

1FJIEA2013001
ISBN:

9781475549348
ISSN:

1934-7685

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