[ad_1]
SUVA, August 5, 2024 (FBC News) – Pacific Islands, including Fiji, continue to face challenges with inflation, debt distress and climate finance.
Deputy Prime Minister and Finance Minister Biman Prasad stressed this during the two-day Forum Economic Ministers’ Meeting in Suva last week.
Prasad said these challenges need to be properly monitored for economic growth.
He stressed the importance of identifying measures to support regions in addressing economic challenges.
“We discussed transportation issues, connectivity issues, regulatory harmonization, and investment facilitation. All of these constraints and some of them to some extent have become constraints to achieving sustainable economic growth.”
Prasad said Pacific Islands Forum economic ministers agreed that donor support was critical to achieving sustainable growth.
A two-day forum in Suva provided updates on the severe impacts climate-induced disasters, global conflicts and supply chain challenges are having on Pacific economies in a post-pandemic world… PACNEWS
related
[ad_2]
Source link
