Fiji’s economy won’t be like Sri Lanka’s: Economist – FBC News

Dumith Fernando at the Reserve Bank of Fiji seminar last night.

A Sri Lankan economist believes that Fiji is much more financially secure.

Outgoing Colombo Stock Exchange Chairman and Managing Director of Asia Securities and Investment Bank, Dumith Fernando, said Fiji does not even face imminent risk of any kind compared to what Sri Lanka is currently going through. .

Fernando was speaking last night at a Reserve Bank of Fiji seminar on ‘The Foundations of a Crisis: Sri Lanka’s Recent Economic History.’

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He says that since arriving in the country, a number of people have asked him about the differences and similarities between Sri Lanka and Fiji and whether Fiji could take the Sri Lanka route.

“I don’t think Fiji is at a point where anything, any natural disaster can take you there overnight, I think with a little management Fiji is on a much better It’s on a much better footing now after the pandemic than Sri Lanka was.

Fernando says that unless the country sleeps behind the wheel, there should be no economic problem compared to the situation in Sri Lanka.

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