5 Dec 2006

Fiji Institute of Accountants concerned over outcome of economic situation due to coup

12:58 pm on 5 December 2006

The Fiji Institute of Accountants is concerned at the adverse impact the political instability will have on the economy.

In a statement, it said any unconstitutional interference or takeover of a democratically-elected government would have catastrophic implications for law and order and a negative impact on investment in the country and the economy.

The statement also said it will have a significant negative impact on Fiji's reputation and credibility internationally, and could well result in the suspension or cancellation of numerous aid programs and other forms of assistant which are critical to Fiji.

The Fiji Times reported that the institute urged the army commander and the Prime Minister to engage in constructive dialogue in good faith to achieve a peaceful and amicable resolution.