TC Winston

IMF official happy with Winston recovery plans

A senior International Monetary Fund official praised the Government’s reconstruction efforts following Cyclone Winston as “quick and admirable” yesterday. The Deputy Managing Director of the IMF, Mr Tao Zhang, credited Fiji’s projected economic growth rate of nearly 3 percent to Government’s recovery and reconstruction policies that kept Fiji on the right track. During his meeting with […]

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December 11, 2016 7:57 am

A senior International Monetary Fund official praised the Government’s reconstruction efforts following Cyclone Winston as “quick and admirable” yesterday.

Attorney General Hon. Aiyaz Sayed-Khaiyum with International Monetary Fund Deputy Managing Director, Mr Tao Zhang.
Attorney General Hon. Aiyaz Sayed-Khaiyum with International Monetary Fund Deputy Managing Director, Mr Tao Zhang.

The Deputy Managing Director of the IMF, Mr Tao Zhang, credited Fiji’s projected economic growth rate of nearly 3 percent to Government’s recovery and reconstruction policies that kept Fiji on the right track.

During his meeting with the Attorney-General Aiyaz Sayed-Khaiyum, Mr Zhang was updated on the progress of Cyclone Winston rehabilitation and other ongoing efforts by Government to diversify the Fijian economy.

At the meeting, the AG 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.

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.

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