Fiji Time: 4:51 PM on Saturday 25 February

Fiji Times Logo

/ Front page / News

Local economists capable of realistic outlook

Felix Chaudhary
Saturday, August 16, 2014

PEOPLE should not give too much credence to international financial monitors such as Moodys or the International Monetary Fund and their optimistic outlook on Fiji's economic growth, says the People's Democratic Party.

"These are the very same institutions that gave good ratings to banks in the United States that subsequently collapsed in 2008 and brought financial ruin across the world," said party leader Felix Anthony.

"They gave good ratings to financial institutions that made families homeless and people jobless, so I don't think we should put too much faith in these organisations.

"So I don't understand why the current government is forcing us to give credence to organisations like these when they don't have a good track record."

Mr Anthony said there were qualified local economists and specialists that were more than capable of delivering what he termed "a more realistic picture" of the local economy.








Fiji Times Front Page Thumbnail

Kaila Front Page ThumbnailFiji Times & Kaila Frontpage PDF Downloads

Use the free Acrobat Reader to view.

Westpac
Code Inward TTs Outward TTs
CAD 0.64440.6254
JPY 55.991852.9918
GBP 0.39020.3822
EUR 0.46380.4518
NZD 0.68630.6533
AUD 0.63990.6149
USD 0.49320.4762

from

$0.00

Exchange Rate updated on 24th February, 2017

Today's Most Read Stories

  1. School girl, 14, dies
  2. Bravery medal for boy, 6
  3. No funding for religion, dance halls
  4. Poll pick
  5. Brutality claims raise ire of party
  6. Former Fiji rugby rep laid to rest
  7. 7s resurgence
  8. 112 taxi permits in west terminated
  9. Political leaders content with Tebbutt-Times poll
  10. One illegal vehicle query

Top Stories this Week

  1. Family given son's post mortem exam results Monday (20 Feb)
  2. 2 dead in 48 hours Wednesday (22 Feb)
  3. Qoro resigns as exchange boss Tuesday (21 Feb)
  4. $95,000 payout Monday (20 Feb)
  5. School girl, 14, dies Saturday (25 Feb)
  6. $30,000 richer Thursday (23 Feb)
  7. Day of fate Monday (20 Feb)
  8. Nightmare continues for elderly woman Monday (20 Feb)
  9. Locally owned health centre begins operation Friday (24 Feb)
  10. Teenager laid to rest Monday (20 Feb)