Since establishing its presence in Fiji, the BSP Group has elevated the standards of innovation for financial products and services in both banking and insurance, and has become a leading player in both industries. The launch of another Life product is a further endorsement of the success of the BSP Group and the key role it plays in Fiji’s financial system.
We at the Reserve Bank are seeing the flow-on effects of such business success in our domestic economy, through increased positive sentiments and actions by the private sector. Let me therefore make some comments on the economy.