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Fijian economy is stable

18:30 Tue Aug 20, 2013


Taken from/By: FBC
Report by: Shanal Sivan

The Fijian economy is stable says the Governor of the Reserve Bank, Barry Whiteside.

He made the comment at the Fiji Economy Update forum in Suva today.

The government’s commitment to revitalize the sugar industry is encouraging, it is imperative that these plans are brought to fruition sooner rather than later, so that the industry is able to sustain itself without grants, subsidies or preferential prices. However it is well understood this can be a daunting and difficult task.
The RBF analysis shows that the Fijian economy is doing well.

Governor Whiteside also pointed out that our debt level is estimated at just under fifty percent of GDP.

Discussions this morning also centred on employment and development of the Northern region.



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