The Bank of Fiji has said it currently does not have plans to further liberalise capital controls, despite the International Monetary Fund warning the controls could undermine foreign investment.

In Fiji’s latest Article IV consultation, IMF staff advise that if inflationary pressures abate, the nation’s remaining exchange controls should be lifted.

“The exchange controls imposed by the authorities… create the perception that firms’ repatriation of profits or proceeds from selling assets may