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Ratings agency says Fiji experiencing improved investment

Ratings agency says Fiji experiencing improved investment

By fijivillage.com
Saturday 12/04/2014
The international ratings agency Moody’s Investors Service said Fiji is experiencing improved business confidence and investment.

Moody’s Vice President and Senior Sovereign Risk Analyst Christian de Guzman said there has been an increase in construction activity in Fiji that is also reflected in the increase in investment in tourist facilities.

Guzman said they are seeing a lot of build up and they think that it is really due to an increase in confidence ahead of the elections.

De Guzman said increased investor confidence is reflected in an 18 percent growth in commercial loans in the last year.

He said the government has also taken considerable steps towards fiscal and debt consolidation that has boosted its sovereign credit worthiness.

Christian de Guzman said that Fiji has seen a healthy economic growth of between 2 and 3 percent over the last few years.


Story by:
Filipe Naikaso

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