20 Aug 2013

Fiji Reserve Bank chief says buzz of confidence in Fiji

4:01 pm on 20 August 2013

The Governor of the Reserve Bank of Fiji, Barry Whiteside, says private enterprise is now stepping up to the plate in a serious way and there is a buzz of confidence in the country.

He says he has not seen Fiji's numbers so good in a long time.

He says consumption and investment have surged, boosting business and investor confidence.

Mr Whiteside says the economy has made a significant turnaround from a contraction in 2009 to three years of consecutive economic growth.

But he says Fiji could do better including making it easier to do business to encourage local and foreign investors.

Mr Whiteside says it is imperative the government's plans to revitalize the country's major foreign exchange earner, the sugar industry, are brought to fruition soon.