There has been economic growth for four consecutive years in Fiji which is above our historical growth.
This is according to Attorney General and Minister for Industry and Trade, Aiyaz Sayed-Khaiyum while delivering the keynote address at the Fiji Indigenous Business Council Symposium in Suva today.
Sayed-Khaiyum said according to the Reserve Bank of Fiji the economy has expanded by an estimated 3.6% in 2013 and a 3% growth is projected for this year.
He said new bank lending in 2013 was $1.4 billion which was 62% more than 2012 and almost double the amount that was in 2006.
Sayed-Khaiyum said this showed local businesses are confident with the current economy.
According to Sayed-Khaiyum foreign reserves has been rising in the past four years and is currently around $1.8 billion and is the highest recorded ever.
Meanwhile, President of the Fiji Indigenous Business Council, Ulai Taoi said their main target for this year’s symposium is to engage young people in business.
The symposium ends today.
Story by: Filipe Naikaso
