Republic of Fiji: 2023 Article IV Consultation-Press Release; and Staff Report

June 28, 2023

Preview Citation

Format: Chicago

Republic of Fiji: 2023 Article IV Consultation-Press Release; and Staff Report, (USA: International Monetary Fund, 2023) accessed December 21, 2024

Summary

As a small island dependent on tourism, Fiji’s economy contracted sharply with the pandemic and then rebounded strongly in 2022, as tourism recovered with the reopening of international travel. Growth momentum is expected to continue in 2023, as tourist inflows approach pre-pandemic levels. The new government installed in December has committed to pursue economic reforms that promote inclusive growth and fiscal sustainability. Downside risks to the outlook stem from weaker growth in tourism-source countries, delayed recovery in hotel capacity, and exacerbated skilled labor shortages. Fiji remains vulnerable to external shocks related to natural disasters and climate change.

Subject: Economic and financial statistics, Exchange restrictions, Expenditure, Financial regulation and supervision, Foreign exchange, Government finance statistics, International organization, Monetary policy, Public debt

Keywords: Airline ticket sale, Climate plan, CPI data, Exchange restrictions, Global, Government finance statistics, Maturity proceeds, Pacific Islands, Relocation plan

Publication Details

Pages:

69
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2023/238
Stock No:

1FJIEA2023001
ISBN:

9798400247798
ISSN:

1934-7685

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