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Focus on Low Public Sector Debt
Source: fijitimes.com
Source Date: Wednesday, April 23, 2014
Created: Apr 29, 2014

PACIFIC island countries should focus on maintaining low public sector debt and good revenue performance.

 

And according to the World Bank, there was an increased interest in measures that could reduce the impact of price shocks on households and save costs.

 

"Some efforts are already underway but there is the potential for more widespread use of measures like strategic fuel reserves, lifeline tariffs, price hedging, joint purchasing and diversification," the bank said in a report on hardship and vulnerability in the region.

 

"The government should help reduce the high degree of uncertainty around future prices of major commodity exports that are volatile by supporting the use of commodity price risk management.

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