If we are able to forge ahead in the way we expect, the growth rate next year will be quite high – Acting PM

Acting Prime Minister and Minister for Economy Aiyaz Sayed-Khaiyum says this is an exciting period and if we are able to forge ahead in the way we expect, the growth rate next year and the following year will be quite high.

While speaking at the Suva Retailers Association Networking event last night, Sayed-Khaiyum says our foreign reserves is in a very healthy space and there is a lot of liquidity in the market.

He says interest rates are also very low and he has urged businesses to take advantage of the incentives provided in the budget.

Sayed-Khaiyum says those who will invest now will reap the benefits when the economy runs at full throttle.

The Attorney General adds he has been told by the Suva Retailers Association President that 100 percent of the businesses have now re-opened.

He has also told businesses that even turning on the lights at night plays a critical role and it does not cost that much.

Sayed-Khaiyum also says they have dealt with the pandemic with a long term strategic goal.

He says re-opening our borders from 1st December has led to a lot of confidence and this is because of that strategic planning.