‘Reduce debt to sustain shocks’

Fiji National Provident Fund members wait to withdraw pension savings after the devastation caused by Severe Tropical Cyclone Winston in 2016. The International Monetary Fund has advised FNPF to rebuild its savings to mitigate the impact of TC Winston withdrawals. Picture: FILE/JONA KONATACI

THERE is an urgent need for fiscal consolidation — or reducing Government deficit and debt — to increase savings as well as protect Fiji from external economic shocks, the International Monetary Fund says. In its appraisal of Fiji as part of the Article IV Consultation, the fund said Fiji’s fiscal space or the flexibility of […]

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