Wednesday, May 05, 2010

Ratings agency notes deterioration of Fiji data quality

Radio New Zealand International - 05 May, 2010 

An analyst of the ratings agency, Standard and Poor’s, says the quality of data emanating from Fiji has been declining in recent years.

Kyran Curry says the outlook for Fiji is stable as the vital tourism sector is recovering from last year’s global downturn.

Mr Curry says figures are not as reliable any more because of the gradual militarisation of the bureaucracy.

“It’s weighed on the institutional capacity in what we see close-up at hand in the ministry of finance and other key policy-setting institutions. The Central Bank has always been a very good performer during periods of political instability but we see some undermining of its independence more recently.”

Kyran Curry, a sovereign analyst of Standard and Poor’s

No comments: