The Fiji Chamber of Commerce and Industry held its first business summit this week which brought together business leaders and those spearheading the financial markets.

The summit heard presentations from the Governor of the Reserve Bank of Fiji, Ariff Ali, Trade Minister, Premila Kumar and the CEO for the Fiji Revenue and Customs Service, Visvanath Das.

Chamber President, Dr. Nur Bano Ali says it was an opportunity not only to hear directly from the key stakeholders, but also a forum to ensure that private sector growth is better enabled.

“Conducive business environment and our common objective, government and us, we have a common objective of improving business   performance for economic growth.”

The summit also quashed the rumors of devaluation and a liquidity crisis in the Fijian market with the RBF Governor responding directly to the issue.

Governor Ali noted that current foreign reserves can accommodate more than four months of imports at over $1.3 billion.

In addition he says, liquidity is currently a little more than $342 million.

The inaugural Business Summit is intended to be an annual event.