European Parliament Library

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

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
Table Of Contents
Cover; Contents; I. Introduction; II. Background; A. Macroeconomic Developments; Boxes; 1. Identifying Sources of Economic Growth; 2. Exchange Restrictions; 3. Fiji's Sugar Industry; B. Outlook and Risks; III. Supporting Growth and Maintaining Fiscal and External Sustainability; A. Monetary and Financial Policies; B. Fiscal Policy; C. External Balance and Vulnerabilities; D. Exchange Rate Policy; 4. Exchange Rate Assessment; E. Structural Reforms; IV. Staff Appraisal; Figures; 1. Macroeconomic Developments; 2. Post-Crisis Comparison of Pacific Island Countries
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (65 p.)
Specific Material Designation
Form Of Item

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