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Sustaining growth is important: IMF

October 29, 2015 7:03 pm

Sustaining economic growth in Fiji will depend on the timely and effective implementation of reforms.

The International Monetary Fund team that carried out its assessment on Fiji says the reforms should continue to be aimed at bolstering the business climate.

IMF Mission chief to Fiji Roberto Guimaraes says high levels of public investment in Fiji have been a catalyst for private sector activity – a positive development for the Fijian economy.

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“Going forward public sector will increasingly crowd in and attract more private investment which will ultimately foster private sector development and help in poverty alleviation, help on making growth more inclusive and help on actually raising the living standards of the Fijians.”

IMF has forecast that the Fijian economy will expand by 4.3 per cent this year and inflation is expected to remain below 3 per cent.

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