A new approach is needed to assess debt sustainability – FBC News

Economy Minister Aiyaz Sayed-Khaiyum said there was a need to develop a more nuanced approach to assessing debt sustainability.

Speaking at the Pacific Regional Debt Conference held at the Pacific Islands Forum Secretariat office in Suva yesterday, Sayed-Khaiyum said this should be done taking into account the specific characteristics of the country. , unprecedented access to highly concessional debt, and historically low interest rates.

In addition, Sayed-Khaiyum stressed the importance of establishing a broader range of indicators and risk ratios to assess debt sustainability, as this cannot be simply measured by the simplistic debt-to-debt ratio. GDP.

The article continues after the ad

[Source: Fijian Government/ Facebook]

During the conference, he also gave an overview of the challenges facing the Fijian economy during the pandemic.


“GDP depended on the tourism sector, due to the closure of borders globally, this had a huge impact on the government’s ability to collect revenue. Of course a catastrophic impact on the employment of people. More than 100,000 people lost their jobs almost overnight. This has also impacted people in the tourism sector and those who depend on the tourism sector, not directly but indirectly, they have also suffered a loss of income.

Sayed-Khaiyum highlighted how the Fijian government has implemented policy measures to deal with the extraordinary challenges caused by the pandemic.

He also thanked multilateral and bilateral development partners for providing highly concessional budget support loans to help finance the budget, as well as preserve foreign exchange reserves and liquidity levels.


To live
To agree
  • 95.4FM
  • Suva, Nadi, Lautoka, Labasa
  • 95.2FM
  • Sigatoka, Ba
  • 95.6 FM
  • Tavua
  • 95.8 FM
  • Rakiraki

To live
To agree
  • 102.6 FM
  • Suva, Nadi, Lautoka, Labasa
  • 102.4 FM
  • Sigatoka, Ba
  • 102.8 FM
  • Tavua
  • 103.0 FM
  • Rakiraki

To live
To agree
  • 97.8 FM
  • Suva, Nadi, Lautoka, Labasa
  • 97.6 FM
  • Sigatoka, Ba
  • 98.0 FM
  • Tavua
  • 98.2 FM
  • Rakiraki

To live
To agree
  • 93.0 FM
  • Suva, Nadi, Lautoka, Labasa
  • 92.8 FM
  • Sigatoka, Ba
  • 93.2 FM
  • Tavua
  • 93.4 FM
  • Rakiraki

To live
To agree
  • 100.2 FM
  • Suva, Nadi, Lautoka, Labasa
  • 100.0 FM
  • Sigatoka, Ba
  • 100.4FM
  • Tavua
  • 100.6FM
  • Rakiraki

To live
To agree
  • 105.0 FM
  • Suva, Nadi, Lautoka, Labasa
  • 104.8 FM
  • Sigatoka, Ba
  • 105.2 FM
  • Tavua
  • 105.4FM
  • Rakiraki

Comments are closed.