Fiji's economy on a better footing than Sri Lanka – Sri Lankan economist

Fiji is on a much better footing than Sri Lanka when comparing the two economies. These were the sentiments shared by Sri Lankan economist and Fiji Care Chairman, Dumith Fernando while speaking at a Reserve Bank of Fiji seminar series.

Fernando who is also the outgoing Chairman of Colombo Stock Exchange and Managing Director of Asia Securities and Investment Bank spoke on Foundations of a Crisis: Sri Lanka’s Recent Economic Story.

Since his arrival, Fernando shared that a number of people asked him about the differences and similarities between Sri Lanka and Fiji and whether Fiji could go down the route of Sri Lanka.

He also believes that Fiji is in a much safer place financially adding that Fiji is not facing any imminent risk of any kind compared to what Sri Lanka is currently going through.

In his presentation Fernando says in his opinion he does not think Fiji is at a point where anything, even any natural disaster can take our economy there overnight.

He adds that unless the leaders are asleep at the wheel, there should not be an issue economically compared to the situation in Sri Lanka.