Fiji's economic growth could exceed 2.5% with infrastructure investment

Fiji could achieve economic growth exceeding 2.5 percent this year, driven by sustained investment in infrastructure projects, according to National Federation Party Leader Professor Biman Prasad. Prasad, also a former Finance Minister, believes these investments are crucial for national development, even amidst recent challenges like the fuel crisis.

Prasad acknowledged that the revised growth forecast of 1.5 percent is cautious. However, he emphasized that ongoing developments in essential infrastructure, including roads, bridges, and water supply systems, are vital components that can stimulate greater economic activity. These projects not only improve public services but also create employment opportunities and foster business growth.

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continued investment in infrastructure projects could help the country achieve economic growth of more than 2.5 percent this year, despite the recent fuel crisis.

The party leader's statement highlights the government's focus on infrastructure as a key strategy for economic recovery and expansion. By continuing to invest in these foundational areas, Fiji aims to build a more resilient economy and achieve its growth targets, demonstrating a commitment to long-term development despite short-term economic headwinds.

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while the revised growth forecast of 1.5 percent is cautious, ongoing investments in roads, bridges, water supply, […]