It definitely is another sign of the BSP Group wishing to further stamp its mark as a major player in the market and is a real vote of confidence for Fiji’s economy and our domestic financial system.
But this will not be enough, as it does not provide a solution to the “race to the bottom” problem; nor does it even the tilted influence of global institutions and international firms. To understand what options we do have, I find a simple, yet powerful analysis very helpful: the impossibility theorem for the global economy.