FORMER Governor of the Reserve Bank of Fiji says the economies of small island countries remain vulnerable in any global economic crisis.
Savenaca Narube made the comments during his presentation at the King Solomon Hotel in Honiara on Tuesday.
He said most of the island economies are already weak and fragile.
"And the crisis had made things far more worst for the regional countries," he said.
He pointed out the crisis had put island nations as a drop zone.
"We have seen a drop in exports, remittance, foreign reserves, and government revenue," he said.
Mr Narube said Pacific island countries are but victims of the global economic crisis which they never created.
"But because the island nations are connected with the rest of the world through trade, we are also being affected.
"We are exposed to the global events which some one else created," he said.
Mr Narube said the Pacific islands must look for solutions through good leaders and management of their resources.
By MOFFAT MAMU
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