| Description |
1 online resource (62 pages) : color illustrations |
| Series |
IMF country report, 2227-8907 ; no. 13/370 |
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IMF country report ; no. 13/370.
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| Contents |
Cover; CONTENTS; CONTEXT; RECENT ECONOMIC DEVELOPMENTS AND OUTLOOK; POLICY DISCUSSIONS; A. Monetary and Financial Policies; B. Fiscal policy; C. Exchange Rate Policy and External Balance; D. Structural Reforms; STAFF APPRAISAL; BOXES; 1. Human Development and Poverty (World Bank); 2. Risk Assessment Matrix; 3. Financial Inclusion and Access; 4. Sovereign Bond; 5. Exchange Rate Assessment; 6. Transforming Sugar to Sugarcane Industry; 7. Estimating Potential Growth; FIGURES; 1. Macroeconomic Developments; 2. Exchange Rate and Inflation Developments; 3. Fiscal Indicators; 4. Balance of Payments |
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5. Monetary Indicators6. Financial Soudness Indicators; 7. External Vulnerabilities; TABLES; 1. Selected Economic Indicators, 2008-14; 2. Despository Corporations Survey, 2008-12; 3A. Central Government Operations, 2008-15; 3B. Central Government Operations, 2008-15; 4. Balance of Payments, 2008-18; 5. Selected Medium-Term Indicators, 2008-18; APPENDICES; I. External Debt Sustainability Framework, 2008-18; II. Public Sector Debt Sustainability Framework, 2008-2018; CONTENTS; FUND RELATIONS; WORLD BANK-IMF COLLABORATION; RELATIONS WITH THE PACIFIC FINANCIAL TECHNICAL ASSISTANCE CENTRE |
| Summary |
"Growth in recent decades has been sluggish owing to persistent political turmoil, external shocks, and slow progress on structural reforms. Unemployment at nearly 9 percent continues to be stubbornly high, with youth and underemployment at significantly higher rates. The political environment remains complex as Fiji prepares for transition to democratic government in 2014, although the strained relations with traditional development partners have started to ease somewhat, after the enactment of the new constitution in September 2013. Key issues and policy recommendations: Structural reform. The key policy challenges are to raise potential growth, reduce vulnerability to shocks, and further reduce poverty. Although the authorities have recently implemented some structural measures -- improving infrastructure, enhancing land-leasing efficiency, restructuring the sugarcane industry, among others -- the need for deeper and faster reform to support higher growth and reduce unemployment and poverty is urgent. The investment climate needs improvement through making government regulations more predictable and less intrusive, including relaxing the extensive price controls. Macroeconomic policies. The current configuration of mildly expansionary fiscal policy and accommodative monetary policy is broadly appropriate as the unemployment rate remains high and inflationary pressures dissipate against the background of some slack in the economy and stable commodities prices. The projected increase in the fiscal deficit is largely due to an increase in capital spending to clear infrastructure backlogs. Recent income tax cuts are growth-friendly but base broadening measures are needed. The slow appreciation of the real exchange rate has continued and the Fund's exchange rate assessment approaches now suggest moderate overvaluation. The level of the peg should be subject to periodic reviews and adjusted as necessary, and the authorities could also consider more flexible arrangements"--Abstract |
| Notes |
Title from PDF title page (IMF Web site, viewed December 23, 2013) |
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"December 2013." |
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"October 18, 2013"--Page 2 of pdf |
| Bibliography |
Includes bibliographical references |
| Notes |
English |
| Subject |
International Monetary Fund -- Fiji
|
| SUBJECT |
International Monetary Fund fast |
| Subject |
Economic development -- Fiji
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Fiscal policy -- Fiji
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Monetary policy -- Fiji
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Structural adjustment (Economic policy) -- Fiji
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Economic indicators -- Fiji
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Economic development
|
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Economic indicators
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Fiscal policy
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Monetary policy
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Structural adjustment (Economic policy)
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Fiji
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| Form |
Electronic book
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| Author |
International Monetary Fund.
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| ISBN |
1484319729 |
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9781484319727 |
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1484319397 |
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9781484319390 |
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148431932X |
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9781484319321 |
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