Estimates obtained at the OECD 16 , employing an accounting framework suggest that the more direct effect of globalisation (captured by measures of economic openness) on average annual consumer price inflation is within the range of 0.0 to 0.3 percentage points over the period 2000-2005.
We have formed a new department within the Bank to specifically drive the developmental pace of microfinance and initiatives of reaching the poor and the unbanked in Fiji. We have given the banks and financial institutions certain instructions to increase their involvement in microfinance. We have also encouraged the use of local resources in Fiji in sectors such as tourism.