Fiji’s to-do list

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Homes destroyed by Severe Tropical Cyclone Winston in Fiji. Picture: FT FILE

THE International Monetary Fund (IMF) has released its “to do list” for a stronger Fijian economy, which includes better management of national debt and the restoration of pension savings that were withdrawn during Severe Tropical Cyclone Winston in 2016.

After its visit to Fiji last December, the IMF released a 59-page report this week, making a number of recommendations.

The report acknowledged that Fiji’s economic growth has been resilient and will record its ninth year of positive growth, buoyed by strong consumption and public investment.

But it warned that external risks such as higher oil prices, lower sugar prices, weaker growth in Fiji’s major trading partners and natural disasters could put dents in our economy.

The IMF believes we should re-look at our fiscal and monetary policies to protect Fiji’s economy.

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