TY - BOOK ID - 138521938 TI - Republic of Fiji : 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Fiji. PY - 2020 SN - 1513537601 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Mortgages. KW - Anti-money laundering and combating the financing of terrorism (AML/CFT) KW - Balance of payments KW - Banking KW - Banks and Banking KW - Business and Financial KW - Central banks KW - Computer Programs: Other KW - Corporate crime KW - Credit bureaus KW - Crime KW - Criminology KW - Current Account Adjustment KW - Data Collection and Data Estimation Methodology KW - Debt Management KW - Debt KW - Debts, Public KW - Econometrics & economic statistics KW - Expenditure KW - Expenditures, Public KW - Finance KW - Finance: General KW - Financial markets KW - Financial regulation and supervision KW - Financial services law & regulation KW - Fiscal Policy KW - Fiscal policy KW - Government debt management KW - Illegal Behavior and the Enforcement of Law KW - International reserves KW - Macroeconomics KW - Money laundering KW - National Government Expenditures and Related Policies: General KW - Public debt KW - Public finance & taxation KW - Public Finance KW - Public financial management (PFM) KW - Short-term Capital Movements KW - Sovereign Debt KW - Statistics KW - White-collar crime KW - Fiji, Republic of UR - https://www.unicat.be/uniCat?func=search&query=sysid:138521938 AB - This 2019 Article IV Consultation with the Republic of Fiji highlights that economic activity slowed sharply in 2019 due to lower government spending, tighter domestic financial conditions, weak sentiment, and the global deceleration. The slowdown followed several years of relatively strong growth, boosted by reconstruction spending after a major cyclone in 2016, which resulted in rising external and fiscal imbalances. Fiscal space is now at risk and external vulnerabilities remain significant. Fiji has large investment needs to strengthen resilience to natural disasters and climate change. A key priority should be to rebuild fiscal buffers in a growth-friendly way to create space to respond to future natural disasters and to ensure public debt sustainability. Fiscal consolidation should focus on reining in current spending given limited scope for further revenue mobilization and the need for capital spending to improve resilience to climate change. Improvements in the business environment and in governance are essential to raise potential growth and boost private investment, and to enhance productivity and competitiveness. ER -