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Fiji faces mounting fiscal risks from frequent climate and geological disasters, notably tropical cyclones and floods. These events severely impact critical infrastructure, especially power and transport, leading to economic shocks, reduced revenues, and increased public debt.
This report assesses historical and future disaster-related losses using economic and catastrophe modelling, revealing significant funding gaps. Current financing relies heavily on budget reallocations and international aid.
Recommendations include upgrading infrastructure standards, institutionalizing pre-arranged disaster funds, expanding risk-layered financing, integrating disaster-linked liabilities into debt strategies, and enhancing sector-specific insurance.
Strengthening data systems and adopting global best practices are vital for fiscal resilience. Without proactive measures, Fiji risks unsustainable recovery costs and delayed development. The report offers a roadmap for resilient public finance and disaster preparedness.
Key points
- Fiji faces rising fiscal risks from frequent climate-related disasters.
- Disaster damages exceed budget allocations, creating persistent funding shortfalls.
- Energy and transport sectors suffer repeated infrastructure losses from cyclones.
- Current financing relies heavily on reactive aid and budget reallocations.
- Probabilistic models forecast increasing losses under climate change scenarios.
- Recommendations urge proactive risk-layered financing and institutional capacity strengthening.
