Kiribati: 2013 Article IV Consultation—Staff Report; Informational Annex, Debt Sustainability Analysis, Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Kiribati

June 6, 2013

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Format: Chicago

Kiribati: 2013 Article IV Consultation—Staff Report; Informational Annex, Debt Sustainability Analysis, Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Kiribati, (USA: International Monetary Fund, 2013) accessed November 21, 2024

Summary

Kiribati is one of the poorest and most remote microstates in the Pacific. It is highly dependent on volatile fishing license fees, remittances, and donor assistance. The challenge is to implement fiscal and structural reforms to help ensure fiscal sustainability, promote private sector development, and increase its resilience to external shocks. Fully using its marine potential beyond fishing license fees will help to improve fiscal revenues and growth opportunities. More generally, private sector development is critical for both increasing growth and reducing fiscal pressures.

Subject: Agroindustries, Climate change, Economic sectors, Environment, External debt, Public and publicly-guaranteed external debt, Public debt, Public financial management (PFM), Revenue administration

Keywords: Agroindustries, Australia and New Zealand, Climate change, CR, Debt, Global, Government, ISCR, Kiribati authorities, Kiribati's so, Pacific Islands, Policy reform matrix, Real GDP, RERF assets, RERF balance, Staff projection

Publication Details

Pages:

55
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/158
Stock No:

1KIREA2013001
ISBN:

9781484338353
ISSN:

1934-7685

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