Kiribati: 2011 Article IV Consultation-Staff Report, Informational Annexes, Debt Sustainability Analysis, Public Information Notice on the Executive Board Discussion, and Statement by the Executive Director for Kiribati

May 24, 2011

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Format: Chicago

Kiribati: 2011 Article IV Consultation-Staff Report, Informational Annexes, Debt Sustainability Analysis, Public Information Notice on the Executive Board Discussion, and Statement by the Executive Director for Kiribati, (USA: International Monetary Fund, 2011) accessed November 21, 2024

Summary

The staff report highlights that the economy of Kiribati showed resilience from the global crisis owing to infrastructure projects financed by foreign assistance. Executive Directors stressed the importance of preserving real per capita value of the Revenue Equalization Reserve Fund to ensure fiscal sustainability and intergenerational fairness. They appreciated the multiyear budget framework, which helped in designing realistic fiscal plans. Directors noted the joint IMF-World Bank debt sustainability analysis and encouraged authorities to secure grant financing to support the country’s development needs.

Subject: Climate change, Environment, External debt, Fiscal policy, Fiscal stance, Fuel prices, Public and publicly-guaranteed external debt, Public debt

Keywords: Australia and New Zealand, Authorities confidence, Authorities' development, Authority, Climate change, CR, Financing, Fiscal stance, Global, Government operation, ISCR, Kiribati authorities, Pacific Islands, Policy initiative direction, Public and publicly-guaranteed external debt, Right

Publication Details

Pages:

67
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2011/113
Stock No:

1KIREA2011001
ISBN:

9781455287635
ISSN:

1934-7685

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