The governments are often despotic, and the countries prone to armed conflict and civil unrest. Property rights aren’t respected, and institutional arrangements are weak. 2  For a detailed survey, please see Jeffrey A. Frankel, “The Natural Resource Curse: A Survey.” Faculty Research Working Paper Series, Harvard Kennedy School, February 2010.
I intend to first provide an analysis of microfinance in Fiji and outline the major challenges facing us. Finally, I will elaborate a little on the role of the Reserve Bank of Fiji in promoting microfinance in Fiji. The first microfinance initiative was established by the Ministry of Women, Social Welfare and Poverty Alleviation in 1993.