Aaron batten - Latest News Update, Information, Photos & Videos on Aaron batten at Lokmat Times

Suva, May 23 Fiji's economy is rebounding strongly this year, and this is encouraging for a developing island nation, an International Monetary Fund (IMF) official said on Monday.In his meeting with Governor of Reserve Bank of Fiji Ariff Ali earlier in the day, IMF Deputy Managing Director Li Bo said Fiji like all other nations will have to strategically deal with global inflation, reports Xinhua news agency.Li said the rise in energy and food prices will affect ordinary Fij if proper policies are not implemented.He added that a combination policy is needed to deal with this kind of situation including fiscal policy and other public policy.A lot of vulnerable people are impacted by this high price in food and energy."In this kind of situation, we think a targeted fiscal policy that will support the vulnerable group, we think it's important."The fiscal policy needs to be designed properly to ensure it targets the right group without creating additional pressure on government debt, Li said, adding that the Fijian government will have to carefully consider balancing the two extremes.Meanwhile, Aaron Batten, regional director of Asian Development Bank's Subregional Office in Suva, said on Monday that Fiji has done tremendously well ever since re-opening its borders for international visitors last December.The economic outlook for Fiji is strong and the surge in tourists coming back indicates Fiji's economic revival, he added.Fiji's economy is expected to grow by 11.3 per cent this year.Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Pahalgam Terror Attack

Tahawwur Rana

IPL 2025

CM Devendra Fadnavis

Mumbai Local

Weather Update

Aaron BattenFOLLOW

Aaron batten, Latest News

Politics :Fiji's economy rebounding strongly: IMF

Suva, May 23 Fiji's economy is rebounding strongly this year, and this is encouraging for a developing island ... ...