Re-invigorating Private Sector Investment: A Private Sector Assessment for Fiji
This report provides a critical review of the environment for private sector development in Fiji.
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.
- Re-invigorating Private Sector Investment