Fiji; 2002 Article IV Consultation-Staff Report; and Statements by the Executive Director and the Authorities for Fiji

This 2002 Article IV Consultation highlights that following the political crisis, Fiji experienced sharp declines in tourism earnings, while external sanctions adversely affected investment and textile exports. As a result, GDP fell 2Â¾ percent in 2000, and the current account deficit widened to 6Â½ percent of GDP. Financial stability and the basket peg of the Fiji dollar were maintained through tightening of domestic monetary policy and exchange controls, together with government spending cuts to offset the impact of weaker growth on the fiscal deficit.

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Year of publication:	2003-01-08
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Economic conditions \| Article IV consultations \| reserve bank \| current account \| fiscal deficit \| external debt \| fiscal consolidation \| balance of payments \| debt service \| current account balance \| public debt \| current account deficit \| public sector management \| fiscal policy \| government spending \| tax revenues \| government debt \| tax revenue \| expansionary fiscal \| long-term debt \| external liabilities \| external debt statistics \| public finance \| debt data \| tax administration \| debt statistics \| debt outstanding \| expansionary fiscal policy \| tax compliance \| fiscal policy priorities \| debt obligations \| total external debt \| government budget \| fiscal strategy \| central government budget \| fiscal stimulus \| public investment spending \| capital expenditure \| fiscal actions \| amortization payments \| fiscal sustainability \| budget expenditure \| fiscal policy actions \| fiscal prudence \| loan disbursements \| tax cuts \| fiscal measures \| fiscal policies \| public sector debt \| fiscal adjustment \| foreign borrowing \| principal repayments \| central bank \| fiscal surplus \| debt-service \| expenditure on investment \| primary fiscal deficit \| external shocks \| fiscal objectives \| tax incentives \| debt management \| public spending \| government expenditure \| public debt management \| long-term external debt \| capital account liberalization \| external debt obligations \| fiscal transparency \| external indebtedness \| taxation \| general resources account \| medium-term fiscal strategy \| budget allocations \| share of public spending \| external shock \| repayments \| public expenditures \| expenditure cuts \| fiscal data \| tax rates

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Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 03/8 5 pages long
Source:	RePEc - Research Papers in Economics

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