This private sector assessment reviews Fiji's private sector environment in 2006-2012, against recommendations made in the Asian Development Bank (ADB) publication "2005 Promise Unfulfilled: Private Sector Assessment for Fiji". While Fiji has made considerable reform progress in a number of areas (including tax reforms, encouraging telecommunications competition, and reducing barriers to foreign investment), it still faces considerable challenges in responding to a range of macroeconomic shocks following the global economic crisis, and political and policy uncertainty at home.