Opposition MP Faiyaz Koya has criticized the Coalition Government for allegedly undermining Fiji’s previously robust economic standing. During a recent parliamentary statement, he claimed that indecision and policy inconsistencies have contributed to economic regression, a surge in living costs, and dwindling investor confidence.
Koya asserted that upon taking office in 2022, the government was entrusted with a nation that had established economic foundations, but he noted that ordinary Fijians are now grappling with financial strains. He highlighted rising costs of living and increasing societal fragmentation, suggesting that the government is more focused on “blaming the past” than tackling current issues.
He emphasized the need for effective governance that respects institutions and prompts active listening to citizens. Koya expressed concern that the essential recovery of Fiji’s economy is heavily dependent on tourism, which he regards as critical for the country’s survival. He underscored that judicial independence is essential for rebuilding investor confidence and called for a cohesive and actionable economic plan from the government.
In rebuttal, Finance Minister Esrom Immanuel rejected Koya’s assertions, branding them as unfounded. He countered that the Coalition Government has made significant strides in restoring economic stability, pointing to a reduction in the country’s debt-to-GDP ratio from 90% to below 80%, a maintained record of foreign reserves, and growth in liquidity. Immanuel also highlighted a sustained period of negative inflation for nine months and a booming tourism sector supported by a $6.1 billion investment pipeline.
This exchange reflects the divergent perspectives in Fijian politics regarding economic management and the future direction of the nation’s policies. While Koya paints a worrying picture of economic decline and hardship, Immanuel promotes a narrative of recovery and stability. The ongoing debate underscores the critical importance of effective governance and transparency in addressing pressing economic concerns, which is essential for fostering public trust and guiding Fiji toward sustainable growth.
Despite the challenges highlighted, there remains a sense of hope within government discussions about stabilizing the economy and fostering inclusive growth that could ultimately benefit all Fijians. Efforts to improve essential services and infrastructure are crucial as the nation navigates its recovery and strives for a more equitable economic landscape.
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