Description |
1 online resource (64 pages) |
Series |
IMF country report ; no. 11/85 |
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IMF country report ; no. 11/85.
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Contents |
Cover; Contents; I. Introduction; II. Background; A. Macroeconomic Developments; Boxes; 1. Identifying Sources of Economic Growth; 2. Exchange Restrictions; 3. Fiji's Sugar Industry; B. Outlook and Risks; III. Supporting Growth and Maintaining Fiscal and External Sustainability; A. Monetary and Financial Policies; B. Fiscal Policy; C. External Balance and Vulnerabilities; D. Exchange Rate Policy; 4. Exchange Rate Assessment; E. Structural Reforms; IV. Staff Appraisal; Figures; 1. Macroeconomic Developments; 2. Post-Crisis Comparison of Pacific Island Countries |
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3. Exchange Rate and Inflation Developments4. Balance of Payments; 5. Tourism Developments Affecting Fiji; 6. Fiscal Indicators; 7. Monetary Indicators; 8. External Vulnerabilities; 9. Financial Soundness Indicators; Tables; 1. Selected Economic Indicators, 2006-11; 2. Monetary Accounts, 2006-11; 3. Central Government Finances, 2007-2012; 4. Balance of Payments, 2007-15; 5. Selected Medium-Term Scenario, 2007-15; 6. Core Set of Financial Soundness Indicators for Banking Sector, 2006-2010; Appendix; I. Status of Key 2004 Fiscal ROSC Recommendations |
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II. Status of Key FAD Recommendations on Tax Policy and AdministrationIII. Status of Key 2006 FSAP Recommendations; IV. External Debt Sustainability, Bound Tests; Contents; I. Fund Relations; II. World Bank-IMF Collaboration; III. Relations with the Pacific Financial Technical Assistance Centre; IV. Relations with the Asian Development Bank; V. Statistical Issues |
Summary |
1. Economic growth in Fiji has been negative or low for four years. This compares unfavorably with other island economies in the region (Figure 1). Fiji's weak growth performance is in part due to the weak domestic investment climate that results from delays in structural reforms, an increase in administrative controls, the decline of the sugar industry, and political uncertainty. The global crisis and heavy rains and cyclones in 2009 and 2010 sapped further strength from the economy. This period has also been characterized by sharp swings in Fiji's terms of trade and foreign reserves, and an increase in public debt from 50 to 56 percent of GDP, due in part to government financing losses of the failed Fiji Sugar Corporation (FSC) |
Notes |
"April 2011." |
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Online resource; title from PDF title page (IMF Web site, viewed July 6, 2011) |
Subject |
International Monetary Fund -- Fiji
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SUBJECT |
International Monetary Fund fast |
Subject |
Economic indicators -- Fiji
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Debts, Public -- Fiji
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Debts, Public
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Economic history
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Economic indicators
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Economic policy
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SUBJECT |
Fiji -- Economic conditions
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Fiji -- Economic policy
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Subject |
Fiji
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Form |
Electronic book
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Author |
International Monetary Fund, issuing body.
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ISBN |
1283567245 |
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9781283567244 |
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9781455231119 |
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1455231118 |
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9781455231102 |
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145523110X |
ISSN |
2227-8907 |
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