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

International Monetary Fund

No 2010/136, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; government; deficit; reform agenda; debt; reserve; government of Fiji; fund program; authorities view; Fiji authorities; central government debt; International reserves; Civil service reform; Budget planning and preparation; Global (search for similar items in EconPapers)
Pages: 58
Date: 2010-05-19
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