Saturday, May 22, 2010

More on the IMF and Voreqe's loan dreams

The report on FijiLive (MAY 22) regarding the IMF's outlook on the 'considerable risks' amids Fiji's hopeful growth is again a worrying sign, which is NOT new anyway for us law-abiding citizens. The whole report seems to say a lot of Voreqe's and his illegal government's FALSE HOPES!

As the IMF report says: “The growth outlook remains highly uncertain due to political developments, volatility of commodity prices, the risk of natural disasters, and the complex structural reform agenda.” 

See here, if we take away the two bolded phrases, then we are sure the only thing that can be managed and assisted ASAP by our international partners is the 'volatility of commodity prices' because natural disasters are out of our control. Therefore, if we look at the two bolded factors then it says only one thing - VOREQE'S COUP AND HIS COMPLEX REFORMS are WRONG, WRONG, WRONG AND are NOT HELPFUL AT ALL TO OUR COUNTRY'S PROGRESS, EVER.

It has been PROVEN many times over that what Bainimarama thinks and touches ends in disaster like the FNPF saga!

The report also said that preliminary data on financing shows that as bank lending to THE ILLEGAL government “reached sovereign exposure limits”, the Fiji National Provident Fund provided most of the funding of the fiscal deficit which increased to about 3 percent of GDP in 2009 from near balance in 2008. 

Voreqe it is time you move out with your illegal buds and let elected officals do their jobs!

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