Fiji: Selected Issues

International Monetary Fund

No 1996/113, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper focuses on the insolvency of the National Bank of Fiji (NBF). As of June 1995, an estimated two-thirds of its loan portfolio was judged to be nonperforming (7½ percent of GDP), with slim chances of recovery, leaving the bank with a negative net worth estimated at F$170 million. The Reserve Bank of Fiji (RBF) raised concerns about the NBF’s lending practices as early as 1991, but it lacked the power to enforce a solution. The problems continued to grow until the NBF’s liquidity position finally became untenable in 1994.

Keywords: ISCR; CR; broad money; private sector; Fiji meat industry Board; Fiji electricity authority; reserve bank of Fiji; Fiji sugar corporation Ltd; Fiji sugar corporation; Fiji authorities; Fiji broadcasting commission; telecommunications Limite; factor cost; bills payable; Public enterprises; Agroindustries; Agricultural commodities; Commercial banks; Exports; Pacific Islands (search for similar items in EconPapers)
Pages: 48
Date: 1996-10-31
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