Friday, May 21, 2010

What are binding constraints to growth in Fiji?

Is land reform the most binding constraint to growth in Fiji?

A comprehensive package of structural reforms is being prepared by the authorities to spur growth and create jobs. This includes reforms to the civil service, public enterprises, public pension fund, and land-lease system—together with price liberalization. Staff noted the importance of well designed reforms to lift potential growth...

Land tenure reform is a key priority of the Government’s reform agenda. It is also an area that Staff and other multilateral institutions also consider as vital to raising the economic growth potential of the economy given large areas of unutilized arable land. The Government has formed a task force that will facilitate utilization of idle land for productive use. Land will be available for leases under this effort from the first quarter of 2010.

For Discussion: What do you think are the binding constraints to growth in Fiji?

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