AGP Executive Report
Last update: 8 hours agoExport Growth: Fiji and Pacific Trade Invest New Zealand have committed about NZ$115,000 to build a pineapple brand and develop export markets. Production rose 45.5% to 12,499 tonnes by 2025, but exports remained just 16.5 tonnes. Economic Outlook: The World Bank projects growth of 2.1% in 2026, rising to 3% by 2028, but warns public debt could exceed 90% of GDP if economic shocks and delayed reforms combine. The Reserve Bank held its policy rate at 0.25%; inflation eased to 6.8% in September, while reserves stood at about $4 billion. Workforce Pressures: Finance officials say migration, skills shortages and health challenges threaten businesses and growth, and urge reforms that enable the private sector to lead. Public Investment: Government says more than $235 million is tied to over 33,000 scholarship recipients who did not complete their studies or had scholarships terminated, and is calling for stronger accountability and student outcomes. Rural Finance: Sugarcane growers can now access a revolving credit facility by mobile phone, expanding access to finance for farmers.
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