Deputy Prime Minister and Minister for Finance, Professor Biman Prasad, has announced that Fiji is witnessing a surge in investment confidence, highlighted by a total of $5.8 billion worth of projects that are either underway, completed, or in the planning stages. This reflects a robust trust in the government’s economic management strategy.
Prasad attributes this investment momentum to sound fiscal policies established in the national budget and has emphasized the government’s efforts to diversify the economy over the past two and a half years. He pointed towards Vanua Levu as the emerging economic frontier, predicting significant growth opportunities in agriculture, fisheries, forestry, and resource-related businesses over the next two decades.
In conjunction with Prasad, Deputy Prime Minister Manoa Kamikamica remarked that the largely untouched region of Vanua Levu is now on the brink of substantial economic development. He underscored the necessity of strategic planning and implementation to ensure that this growth translates into tangible benefits.
This optimistic outlook aligns with previous statements made by Kamikamica regarding the anticipated $2 billion investment pipeline expected to emerge over the next year, as well as the existing portfolio of 195 active investment projects valued at approximately $5.5 billion. He pointed out the importance of rethinking economic strategies, particularly by shifting towards innovation and entrepreneurship as drivers of future growth.
Overall, the investment landscape in Fiji is looking promising. The government’s commitment to fiscal sustainability and targeted investments creates a hopeful environment for further economic development, paving the way for new opportunities in the region.
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