Pablo Murphy

Economic growth will improve from next year through private sector investment.

The International Monetary Fund Mission to Fiji projects the business climate will pick up in a few months since the liquidity issue has stabilised.

Head of Mission, Pablo Murphy says things are looking up and a special government task force on removing business impediments will see results soon.

“What comes next is implementation. There is a strategic plan that goes in the right direction but now it’s time for action. This will be a big boost for the private sector in Fiji.”

Murphy adds government spending should ease off from next year as the private sector-led by tourism – become the driving force of the economy.

The IMF Mission was in Fiji for two weeks for Article IV consultations to assess economic and financial developments.