Kiribati: 2016 Article IV Consultation-Press Release;Staff Report; and Statement by the Executive Director for Kiribati

September 9, 2016

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Format: Chicago

Kiribati: 2016 Article IV Consultation-Press Release;Staff Report; and Statement by the Executive Director for Kiribati, (USA: International Monetary Fund, 2016) accessed December 21, 2024

Summary

This 2016 Article IV Consultation highlights that Kiribati’s recent economic performance has been strong. Growth is estimated to have reached 3.5 percent in 2015, supported by record-high fishing revenue, donor-financed infrastructure projects, and reconstruction in the aftermath of cyclone Pam. The fiscal position has improved markedly in recent years. High fishing revenue contributed to a recurrent fiscal balance of almost 50 percent of GDP in 2015, more than offsetting the increase in recurrent government spending of 13 percent. Growth is projected to moderate somewhat to about 3 percent in 2016, while inflation remains subdued owing to low food and commodity prices.

Subject: Agroindustries, Budget planning and preparation, Climate change, Economic and financial statistics, Economic sectors, Environment, External debt, Government finance statistics, Public debt

Keywords: Agroindustries, Australia and New Zealand, Climate change, CR, Development partner, Dollar, Fishing revenue, GDP, Global, Government, Government finance statistics, Government's plan, ISCR, Kiribati, Kiribati authorities, Pacific Islands, Private sector growth, Real GDP

Publication Details

Pages:

59
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/292
Stock No:

1KIREA2016001
ISBN:

9781475535860
ISSN:

1934-7685

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