The fourth is the uncertainty in the European Union’s support for the important sugar industry reform. We all hope that the discussion in Brussels this week is fruitful for Fiji. Lastly, the effects of the recent floods on sugar and other agricultural products will worsen the economic decline projected for this year but their impact is still being assessed.
This document, popularly known as “Basel II Framework”, offers a new set of international  BIS Review 102/2007  1  standards for establishing minimum capital requirements for the banking organisations. It capitalises on the modern risk management techniques and seeks to establish a more riskresponsive linkage between the banks’ operations and their capital requirements.