Monday, 15 February 2010

• Frank Bainimarama Should Resign since HE has Failed to Deliver

  The Banana Republic of Fiji's illegal Prime Minister should resign immediately since he has failed to perform his duties to the People of Fiji as head of his roadmap to nowhere.

  His nonperformance to bring about any positive change in our Fijian Economy is clearly shown in the accelerated worsening of Fiji's Current Account Balance as a percentage of GDP since the 2006 coup which can be summarized as follows :

  Prior to the 2006 coup the average deficit for the previous decade (1995-2005) was approximately -4.8% of GDP.

  According to the latest World Bank Report 2010, under Frank Bainimarama's military no school misgovernment our current account balance has deteriorated and is projected to deteriorate thus :

  2007  -14.4%

  2008  -19.6%

  2009  -25.4%

  2010  -24.8

  2011  -27.7%

  The full report can be downloaded here.

  So much for the reforms, layoffs, forced retirement, restructure, clean up etc.

  The simple truth is that this illegal Military Government have ruined our Economy and we will end up like Zimbabwe. And for those of you that are relying on your non-existent retirement eqq nest from the Fiji National Provident Fund, keep dreaming, it will be a rude awakening.

  • 2:00 PM
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