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IMF commends TC Winston recovery

December 8, 2016 4:09 am

Fiji’s reconstruction efforts after TC Winston have been commended by the International Monetary Fund.

Deputy Managing Director Tao Zhang, has praised the government’s efforts as “quick and admirable” following a meeting with Attorney-General and Minister for Economy Aiyaz Sayed-Khaiyum.

Zhang credited Fiji’s projected economic growth rate of nearly 3 per cent to Government’s recovery and reconstruction policies that kept Fiji on the right track.

During the meeting, Zhang was updated on the progress of Cyclone Winston rehabilitation and other ongoing efforts to diversify the economy.

Sayed-Khaiyum outlined potential investment opportunities in tourism such as recreational parks and high-end shopping, as well as potential in health, housing and ICT development.

The AG also called for more tailored training under IMF programmes in the Pacific.

He says geographic and economic differences between Pacific and Asian countries should be considered, regardless of the fact that these countries fall under the same groupings within the IMF.

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