Fiji: Building Inclusive Institutions for Sustained Growth – Executive Summary
Fiji’s economy has seen 5 years of positive growth since 2010—one of its few episodes of sustained growth since 1970. Growth averaged 3.3% a year during 2010–2014, which is nearly four times the growth during 2000–2009.
From 2010 onward, Fiji witnessed one of its strongest spells of economic growth since independence. Extreme poverty is in the single digits, but nearly a third of the population is unable to meet basic needs. Fiji thus faces two major challenges: to create a business environment that can attract more private investment to help sustain its growth momentum, and to make that growth inclusive so that all of Fiji can benefit. This country diagnostic study undertaken by ADB identifies the critical constraints to inclusive growth in Fiji and proposes policy options for addressing them.