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Fiji: Recent Economic Developments
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 1995: Issue 010
Language:
English
Publication Date:
07 Feb 1995
DOI:
https://doi.org/10.5089/9781451813319.002
ISBN:
9781451813319
ISSN:
1934-7685
Pages:
84
Keywords:
ISCR; CR; U.S. dollar; public enterprise; broad money; inflation rate; current account; price level; reform policy; pound sterling; capital base; flat rate; Fiji economy; Fiji customs schedule; Fiji sugar industry; Agricultural commodities; Exports; Tariffs; Imports; Budget planning and preparation; Australia and New Zealand; Pacific Islands
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This paper reviews economic developments in Fiji during 1990–95. The reorientation of policies, although incomplete, led to stronger growth of nontraditional exports and non-sugar manufacturing, and to a pickup in GDP growth to an average of 4.1 percent between 1988 and 1993. Fiscal deficits declined in the early 1990s, although often larger than budgeted, and the external current account progressively turned into a surplus position. Despite the actions undertaken, however, private investment did not recover from its slump in the late 1980s impeding the economy from fully exploiting its growth potential.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund