High foreign investment

FIJI’S International Investment Position (IIP) at the end of the March 2017 quarter as reported by the Fiji Bureau of Statistics (FBoS) early this month was valued at $8.028 billion when compared with $7.246b at the end of the same period last year.

The FBoS said this amount reflected a much higher value of foreign investments in Fiji when compared with Fiji’s investment abroad.

This amount represents the difference between Fiji’s international assets of $3.563b, which includes the financial assets of residents of Fiji abroad, and Fiji’s international liability of $11.592b, which includes overseas investments, loans and other equities held by non-residents in Fiji as at 31 March, 2017.

Fiji’s international assets of $3.563b were made up of direct and portfolio investments $457.1m, reserve assets $1.997b and other investments $$1.129b which includes currency and deposits $814.9m, loans $190.2m and other accounts receivable of $123.6m.

And Fiji’s international liability valued at $11.592b was made up of direct investments $8.792b, portfolio investment $189.2m, and other investments of $2.610b which included loans $1.502b, currency and deposits $624.2m, other accounts payable $291.1m, special drawing rights $189.8m and other equity of $3.4m.

Fiji’s International Investment Position (IIP) measures the level of Fiji’s financial assets and liabilities with the rest of the world at a particular point in time. It provides a snapshot of the country’s international financial assets and liabilities.