FIJI'S RESERVE BANK OFFERS OPTIMISTIC OUTLOOK

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SUVA, Fiji Islands (August 1, 2002 – Radio Australia)---The Reserve Bank of Fiji has offered an optimistic outlook on the country's economic future.

The bank reports that current indicators confirm that economic developments have evolved largely as expected. The bank's report says Fiji's major trading partners have seen economic activity generally pick up and growth prospects are optimistic.

It says Fiji is on track to grow at a faster pace this year. This is despite weaknesses in the sugar sector, as trends in the other major sectors, including tourism, remain favorable.

The Reserve Bank says interest rates remain low, prices are stable and foreign reserves are more than adequate to meet Fiji's external obligations.

For additional reports from Radio Australia, go to PACIFIC ISLANDS REPORT News/Information Links: Radio/TV News/Radio Australia.

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