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The deputy governor of the Reserve Bank of Fiji (RBF) Barry Whiteside believes investment is the key to Fiji’s economic recovery.
Speaking at the Fiji Economy Update 2010, Whiteside said there is no doubt investment levels have been directly affected by the political uncertainty and the inconsistency in the policies of the previous governments.
“Political uncertainty would be only one of the numbers of reasons why an investor would pull back and sit on the fence,” he said.
“Availability of land for long term land use lease and ownership of land issues have always been problematic for investors in Fiji over the years,” he added.
Whiteside stressed the need to work together to provide the right environment where investors would feel comfortable to invest in.
“It is good to note there are a number of large investors who continue to see positives in Fiji despite what is being eluded to by the media,” he said.
The deputy governor said they have been encouraged from the survey of business expectations that there is a definite improvement in investment intentions in the country.
By Rachna Lal
