13 Aug 2002

Controversy in Fiji over Reserve Bank residence

10:24 am on 13 August 2002

Controversy has erupted in Fiji over a decision by the Reserve Bank of Fiji to build an official residence for its governor at a cost of half-a-million US dollars.

The opposition leader, Prem Singh, says the construction of a home of this magnitude must be stopped.

Mr Singh says poverty and unemployment are increasing daily but the goevrnor of the Reserve Bank is planning to dip into the country's reserves to construct a house nothing short of a mansion.

He is questioning the kind of signals such lavish waste of funds will send to the ordinary public at a time when Fiji's debt is at an all-time high.

The Reserve Bank says the building is a long-term investment made after thorough evaluation.