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Fiji Time: 1:35 AM on Friday 25 April

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Think big, get there

Timoci Vula
Thursday, November 15, 2012

RESERVE Bank of Fiji governor Barry Whiteside says the capital market is the sector that is supposed to provide the added impetus for any growing economy, the alternative to the banking sector.

"Unfortunately, while the banking sector has enjoyed strong growth and development over the last decade, we cannot say the same for our capital markets, which has only progressed at a snail's space," Mr Whiteside said in his opening remarks at the workshop themed 'Developing Fiji's Capital Markets'.

He said banks, for some time, had a big picture "outside the box" vision of developing Fiji into the preferred capital markets centre in the South Pacific.

"I see no harm in thinking big. It is getting there that is the issue," Mr Whiteside said.

"Being the preferred capital market means that we provide investors and issuers with an environment necessary to grow their investments," he said.

"It means that companies and investors in other Pacific island countries will look at Fiji first as a place where they can raise funds for capital growth and for investment opportunities. It means that we provide a safe investment choice for both local and overseas investors."