Fiji: 2009 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Fiji

May 19, 2010

Preview Citation

Format: Chicago

Fiji: 2009 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Fiji, (USA: International Monetary Fund, 2010) accessed November 21, 2024

Summary

This 2009 Article IV Consultation highlights that Fiji’s growth has been sluggish in recent years because of delays in economic reforms, worsening terms of trade, and political developments that have strained Fiji’s international relations and hurt business confidence. Fiji’s economy is expected to have contracted by 2½ percent in 2009, reflecting the adverse impact of the global crisis on exports and tourism. Recent developments have put considerable pressure on the budget. Executive Directors have supported a tight monetary policy to ensure that inflation returns to low levels and to protect foreign exchange reserves.

Subject: Bank credit, Budget planning and preparation, Central banks, Civil service reform, Expenditure, International reserves, Labor, Public debt, Public financial management (PFM)

Keywords: Authorities view, Budget planning and preparation, Central government debt, Civil service reform, CR, Debt, Deficit, Fiji authorities, Fund program, Global, Government, Government of Fiji, International reserves, ISCR, Reform agenda, Reserve

Publication Details

Pages:

58
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2010/136
Stock No:

1FJIEA2010001
ISBN:

9781455204922
ISSN:

1934-7685

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