Re-invigorating Private Sector Investment: A Private Sector Assessment for Fiji

Institutional Document | October 2013

This private sector assessment reviews Fiji's private sector environment in 2006-2012, against recommendations made in ADB's 2005 Promise Unfulfilled: Private Sector Assessment for Fiji.

While Fiji has made considerable reform progress in a number of areas (including tax reforms, encouraging telecommunications competition, and reducing barriers to foreign investment), it still faces considerable challenges in responding to a range of macroeconomic shocks following the global economic crisis, and political and policy uncertainty at home.

Areas where action is needed to make Fiji a more attractive, low-cost place to do business include the following:

  • Reducing policy uncertainty;
  • Improving the regulatory environment for starting and operating a business;
  • Facilitating contract enforcement;
  • Rationalizing investment incentives;
  • Removing price controls;
  • Strengthening infrastructure services;
  • Reducing the role of the state in the economy;
  • Enhancing access to iTaukei land; and
  • Increasing access to finance and financial services.

Contents 

  • Summary
  • Re-invigorating Private Sector Investment
  • Bibliography
  • Appendixes