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Need for political stability

Repeka Nasiko
Saturday, August 16, 2014

A higher growth rate of Fiji's economy may remain elusive if political reforms do not transform into political stability.

University of the South Pacific Economics lecturer Dr Baljeet Singh said investor confidence would depend on the outcomes of September 17.

"Higher growth rate may remain elusive if the political reform do not transform into political stability for the long run," he said.

"While progress and political reform is visible the outcomes remain uncertain. Confidence will become obvious after the September election."

However, Dr Singh said post-election policies would be vital.

"The post-election policies of the government are expected to improve investor confidence which is very important.

"The elected government should come up with the important economic reform to improve the business environment."

He said land issues would have to be addressed in order to develop the agriculture sector after the election.

"The discussion of the land issues especially on land leases is very important for improved civic growth.

"It is not only important for agriculture but it is also important for the service industry and by that I mean the tourism industry.

"There's a need for constructive and long-term policies and these are some of the things that the elected government would have to come up with."

Dr Singh was speaking at the 2014 University of the South Pacific Economic Update in Lautoka yesterday.

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