Foreign reserves remain adequate at $3.018 billion as at today – RBF
Foreign reserves remain adequate at $3.018 billion as at today, enough to support 8.3 months of imports of goods and services. The Reserve Bank of Fiji Board says fore
Tag: Economy
Economy continues to show signs of improvement, driven mainly by tourism-related sectors – RBF Board
The Reserve Bank of Fiji says the economy continues to show signs of improvement, driven mainly by tourism-related sectors. Since the opening of Fiji’s border i
AG shares Fiji’s plans for economic diversification with the IMF
Government's plan for economic diversification in areas such as business process outsourcing, medical tourism, retirement villages, light manufacturing and agricultural v
IMF says a fiscal consolidation plan can put Govt debt in a sustainable path moving forward
The International Monetary Fund says it has been advising the Fijian Government to think about a fiscal consolidation plan in the medium term to create space to withstand
Fiji exported a total of $1.85 billion worth of goods in 2021 - Koya
Fiji exported a total of $1.85 billion worth of goods in 2021 which was an increase of 3.2% from $1.79 billion when compared to the year 2020. This was highlighted by
The AG is overreacting, misinterpreting and sidestepping the issues I have raised – USP economist
USP economist, Neelesh Gounder says the Attorney General, Aiyaz Sayed-Khaiyum is overreacting, misinterpreting and sidestepping the issues Gounder had raised. Gounder
Risks of a Sri Lanka-like crisis are far greater if the opposition comes into power – AG
Minister for Economy, Aiyaz Sayed-Khaiyum says the Sri Lankan economic crisis is due to promises by the Government which was in opposition before the crisis to bring abou
Domestic economy is on its path to recovery – RBF Governor
The Reserve Bank of Fiji Governor and Chairman of the RBF Board, Ariff Ali says the domestic economy is on its path to recovery after two years of contractions led largel
RBF says as at December 2021, commercial banks have set aside $185.9 million as provisions for loans
The Reserve Bank of Fiji says as at December 2021, commercial banks have set aside $185.9 million as provisions for loans that have been identified as having some elemen
Narube calls on all cabinet ministers to make public disclosures yearly
Unity Fiji Leader, Savenaca Narube is calling on all cabinet ministers to disclose publicly every year any foreign bank accounts that they and their spouse hold, how much
Govt has no specific policy to stop women from occupying positions - AG
Minister for Economy, Aiyaz Sayed-Khaiyum says the Government has no specific policy to stop women from occupying positions and under this government, we now have more wo
Ratu Nemia Dawai appointed the Head of Treasury at the Ministry of Economy
Ratu Nemia Dawai has been been appointed the Head of Treasury at the Ministry of Economy. Ratu Nemia has over 11 years of experience with the Ministry in areas of debt
Concerns raised on government debt after ADB highlights poverty rate in report
The Asian Development Bank says Fiji’s poverty rate has been rising, even before the impact of the COVID-19 pandemic, and the most recent household income and expe
Year-end inflation forecast for 2022 has been revised up to 4.5% - RBF Governor
Reserve Bank of Fiji Governor, Ariff Ali says the year-end inflation forecast for 2022 has been revised up to 4.5 percent due to high imported inflation amidst rising glo
Domestic economic activity indicators in January have been mainly favourable – RBF Governor
Reserve Bank of Fiji Governor and Chairman of the Board Mr. Ariff Ali says the domestic economic activity indicators in January have been mainly favourable. Ali says f
With modest growth rates from 2015 to 2019, Fiji has found it challenging to significantly reduce remaining poverty - ADB
The Asian Development Bank says Fiji’s poverty rate has been rising, even before the impact of the COVID-19 pandemic, and the most recent household income and expe
Public debt debate in Fiji now cannot happen in isolation and with incorrect debt statistics – PS for Economy
The Fijian Government has welcomed the recent reclassification of Fiji by the Asian Development Bank from Group C to group B countries which means that Fiji will now be a
Narube has been proven wrong time and time again and is selective about the data – Sayed-Khaiyum
Acting Prime Minister and Minister for Economy, Aiyaz Sayed-Khaiyum says Unity Fiji Leader, Savenaca Narube who is rolling out his credentials saying he is correct as he
50% of about 120,000 Fijians in the tourism sector have gone back to work as hotels and resorts are reopening
The latest Westpac Wave edition on Fiji’s Economic Update says there is now indication that around 50 percent of Fijians in the tourism sector have gone back to wo
Govt debt projected to be around $9.1 billion by July 2022 but could be lower if tourism and other sectors pick up
The latest Westpac Wave edition on Fiji’s Economic Update states that the Government’s debt is projected to be around $9.1 billion or 91.6 percent of GDP by
It will be some years before the Fijian economy shows any signs of growth – Chaudhry
Fiji Labour Party Leader, Mahendra Chaudhry says it will be some years before the Fijian economy shows any real signs of growth. While reacting to a statement by the A