The Attorney-General Aiyaz Sayed-Khaiyum (sixth left), with from left: Advisor in the Office of the Executive Director, Southeast Asia Voting Group, International Monetary Fund (IMF), Caroline Waqabaca, Economist, Asia and Pacific Department, IMF, Jiaqian Chen, Economist, Asia and Pacific Department, IMF, Suphaphiphat Nujin, Permanent Secretary for Public Enterprises and Tourism, Elizabeth Powell, Assistant Director, Asia and Pacific Department, Mission Chief, IMF Article IV Mission to Fiji, Chikahisa Sumi, Economist, Asia and Pacific Department, IMF, Dan Nyberg, Permanent Secretary for Industry and Trade, Shaheen Ali, IMF Resident Representative to the Pacific Islands, Dr Yongzheng Yang, Advisor to the Governors, Reserve Bank of Fiji, Lorraine Seeto, Unit Head, Economics and Programming, Asia Development Bank, Caroline Currie. Photo: MINFO NEWS
By RACHNA LAL
The Attorney-General on Wednesday met with a team from the International Monetary Fund who are in the country.
The team is holding consultations pertaining to our economic development.
A statement from the Ministry of Information said discussions were held on the Fijian economy and also the lead up to the 2014 Elections.
The Reserve Bank of Fiji has already revised our economic expansion to 3.2 per cent.
This is an upward revision from the earlier growth forecast of 2.7 per cent announced in the 2013 National Budget.
This follows a detailed reassessment of the relevant data and information available.
The revised growth projection for 2013, if achieved, will be the highest since 2004.
The good Fijian news comes on a backdrop of when the world economic growth for this year has been revised downwards to 3.1 per cent from an estimate of 3.3 per cent in April by the International Monetary Fund.