A strong recovery in visitor arrivals by an annual 12 percent was seen in the first eight months of the year. Using the Fiji Islands Visitors Bureau’s growth forecast of around 571,000 visitors for 2008 translates to a projected annual growth rate of around 6 percent.
As the ECB is set to be an exacting and respected supervisor, banks subjected to its supervision will enjoy high confidence, and this should result in a reduction of the uncertainty premiums.