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Need for a conducive environment

Manasa Kalouniviti
Saturday, February 24, 2018

The Government of Fiji is working to expand the Fiji economy and provide new and diversified sources of economic growth to generate jobs and incomes for ordinary Fijians.

The project leader of the World Bank Group and IFC team undertaking the investment reforms in Fiji, Jonathon Kirkby, made the comment during the stakeholder workshop on the Draft Investment Act and Policy in Suva yesterday.

"The driver of economic growth is investment and investment is driven by many factors," Mr Kirkby said.

"To attract these sources of investments Government needs to provide a conducive policy and institutional environment," he said.

He said this included a simple low cost business regulatory structure; a sound regulatory framework which provided and protected the fundamental rights of investors and an effective investment promotion facilitation framework.

"This is to ensure that the country's opportunities and advantages are well known to international investors and that an investment once made is retained," he said.

He said the WB Group working through the IFC was proud to be in Fiji working with the government on the investment policy reforms.

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