And this is why the ECB has considered it necessary to express its concern about some aspects of the recent reform and to stress the need for a rigorous implementation of the new framework. At the same time, the ECB fully respects the prerogatives and responsibilities of Member States, the Commission and the ECOFIN Council in the fiscal domain. III.
However, despite the great efforts made to date to contain the spread and effects of COVID-19 locally, global travel restrictions have compelled us to host this meeting virtually. I am pleased to highlight that there are no active COVID cases in Fiji and furthermore, no cases of local transmission in over 180 days.