The Deputy Managing Director of the International Monetary Fund (IMF), Mr. Tao Zhang, has praised the Fijian Government’s reconstruction efforts following Cyclone Winston as “quick and admirable” following a meeting with Attorney-General and Minister for Economy Aiyaz Sayed Khaiyum.

Mr. Zhang credited Fiji’s projected economic growth rate of nearly 3 per cent to Government’s recovery and reconstruction policies that kept Fiji on the right track. During his meeting with the Attorney-General, Mr. Zhang was updated on the progress of Cyclone Winston rehabilitation and other ongoing efforts by Government to diversify the Fijian economy.

fiji-cycAt the meeting, held in Suva, the Attorney-General outlined potential investment opportunities in tourism-related activities in Fiji, such as recreational parks and high-end shopping, along with in health, housing and ICT development.

MUST READ  Advise to Current and Potential Investors EIA and EMP

The AG also called for more tailored training under IMF programmes in the Pacific. He said the geographic and economic differences between Pacific and Asian countries should be considered, regardless of the fact that these countries fall under the same groupings within the IMF. Mr. Zhang will also visit school reconstruction sites in Ba before leaving for Vanuatu.