Apenisa Waqairadovu 
[File Photo]
Fiji’s international liabilities have climbed to more than $25.5 billion, as the country continues to carry significantly more financial obligations to the rest of the world than it holds in overseas assets.
Figures from the Fiji Bureau of Statistics show international liabilities stood at $25.57 billion at the end of June, up 2-point-3 percent from the previous quarter.
The increase was mainly driven by growth in other investment and direct investment.
The data also shows Fiji’s net international investment position remained negative at $17. 86 billion.
This means the value of Fiji’s financial liabilities to non-residents is substantially higher than the country’s financial assets held overseas.
The negative position increased from $16.70 billion in June last year.
Equity and investment fund holdings make up the largest share of Fiji’s international liabilities, accounting for almost 60 percent.
Loans account for 22-point-5 percent, while other accounts payable make up just over 10 percent.
The Fiji Bureau of Statistics says the International Investment Position measures Fiji’s financial assets and liabilities with the rest of the world at a particular point in time.
The next update, covering the September quarter, is expected on December 31.
