The International Monetary Fund estimates that Fiji’s economic growth will be 4.3 percent for this year and the growth will also be very strong next year.
IMF Head of Mission to Fiji, Roberto Guimaraes said the growth momentum that the Fijian economy is going through is exceptional and is being driven by the very high level of public investment that is being done in a very prudent way.
He said this prudent form of monitoring ensures that public debt is sustainable.
Guimaraes said they do not have any concerns at this stage in relation to Fiji’s debt level.
He also highlighted that they do not have a problem with the government borrowing money from local financial institutions.
A five member specialist team from the IMF was in the country to carry out an assessment and provide their key findings on the Fijian economy.
