Fiji: Recent Economic Developments

International Monetary Fund

No 1995/010, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper reviews economic developments in Fiji during 1990–95. The reorientation of policies, although incomplete, led to stronger growth of nontraditional exports and non-sugar manufacturing, and to a pickup in GDP growth to an average of 4.1 percent between 1988 and 1993. Fiscal deficits declined in the early 1990s, although often larger than budgeted, and the external current account progressively turned into a surplus position. Despite the actions undertaken, however, private investment did not recover from its slump in the late 1980s impeding the economy from fully exploiting its growth potential.

Keywords: ISCR; CR; U.S. dollar; public enterprise; broad money; inflation rate; current account; price level; reform policy; pound sterling; capital base; flat rate; Fiji economy; Fiji customs schedule; Fiji sugar industry; Agricultural commodities; Exports; Tariffs; Imports; Budget planning and preparation; Australia and New Zealand; Pacific Islands (search for similar items in EconPapers)
Pages: 84
Date: 1995-02-07
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