Fiji’s Economic Recovery Is Better Than Expected:RBF Governor

“The initial forecast of 50 per cent of 2019 arrivals anticipated this year has been revised upwards twice."

by waisea nasokia

29 Nov 2022 17:11

Fiji’s Economic Recovery Is Better Than Expected:RBF Governor

Tewaka director Lala Sowane with Reserve Bank of Fiji Governor Ariff Ali at the Fiji National University Namaka Campus on November 26, 2022. Photo: Waisea Nasokia

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Fiji’s economic recovery is better than expected, says Governor of the Reserve Bank of Fiji, Ariff Ali.

He made a presentation at the International Conference on business, Hospitality and Tourism (ICBHT) at Namaka campus in Nadi last Saturday.

“Following two years of sharp contraction that wiped out almost one-quarter of the Fijian economy; counter-cyclical fiscal policies, and accommodative monetary policy coupled with high vaccination rate paved the strong recovery in 2022 with the reopening of the borders in December 2021,” Mr Ali said.

Initially, it was not easy to forecast visitor arrivals following the lockdowns.

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