SUNBIZ

Get Your Facts: Ali

The Deputy Governor of the Reserve Bank of Fiji, Ariff Ali, questioned the presentation made by Sunil Kumar a lecturer of University of the South Pacific during USP’s Fiji Economy
15 Jul 2015 10:18
Get Your Facts: Ali
Sunil Kumar

The Deputy Governor of the Reserve Bank of Fiji, Ariff Ali, questioned the presentation made by Sunil Kumar a lecturer of University of the South Pacific during USP’s Fiji Economy Update 2015 yesterday.

Mr Kumar, whose assessment was generally negative, is a failed National Federation Party elections candidate from last year.

Mr Ali, who was at the forum, has stressed that data and research that was produced by the senior lecturer was incorrect.

Mr Ali said: “Mr Kumar needs to back his research with concrete facts which even he admitted he did not have during the presentation.

“Fiji’s investment has reached up to 25 per cent which has never been done before for three consecutive years.

“Other macroeconomic indicators are also stable or positive such as inflation which was 0.8% at the end of June.

“Foreign reserves are almost $2 million and government debt is below 50 per cent.”

Mr Ali has highlighted that the RBF and others strongly disagree with Mr Kumar’s position.

“Asia Development Bank, International Monetary Fund and ANZ, also believes Mr Kumar needs to do a thorough research,” he said.

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