FIJI NEWS

Global financial crisis fails to deter regime

Written By : SUN FIJI NEWSROOM. The interim government has counted on the economy as its large focus for this year, says Interim Prime Minister Voreqe Bainimarama. He said the
01 Jan 2009 12:00

Written By : SUN FIJI NEWSROOM. The interim government has counted on the economy as its large focus for this year, says Interim Prime Minister Voreqe Bainimarama.
He said the economy will remain a large focus for the year.
“While Fiji cannot escape expect the full brunt of the international financial crisis, I am pleased to report that as a result of prudent and improved financial management our economic performance is projected to have a growth rate of over 2per cent in 2009.
Cdre Bainimarama said that Fiji was, in, an enviable position compared to our neighbours whose economies were now in recession.
“I cannot report that the substantial decline in fuel prices and some basic food items in the New Year would also have a positive impact on the cost of living,’’ said Cdre Bainimarama.
He said that he was overwhelmed by the positive feedback from business houses following the announcement of the 2009 national budget.
“I am thankful as I have received tremendous support and positive feedback in particular from business houses, the banks, accounting firms, welfare organisations as well as foreign investors following the announcement of the 2009 budget.”
He said that the effective implementation of the policies announced in the budget would bring about numerous opportunities and improvements in the lives of the people in particular for those in the economically depressed regions.
“It will also encourage indigenous Fijian participation in the mainstream economy.
Tourism numbers in 2008 reached record propotions.It was projected that numbers for 2009 would reach if not exceeded 600,000.
Fiji, as a recent survey has found, was considered to be one of the safest destinations to travel to.
“Close to 77per cent of the land leases that had expired had now been renewed; dairy farmers would be provided farm gate subsidies for milk production; new initiatives would be put in place for the sugar industry in particular for FSC; the cost of international calls and other related services such as internet would be further reduced when the fuel liberalizations of the telecommunications sector was completed by July; improved government services to the rural areas would be strengthened – birth and other certificates could now be accessed through post offices; from June Fiji would for the first time had a direct connection to a major international hub and gateway, namely Hong Kong; major infrastructural works would be carried out in 2009 with particular emphasis on road and water upgrading and air and seaport improvements.”




Fiji Sun Instagram
Subscribe-to-Newspaper
error: