IMF Staff Country Reports

Kiribati: 2023 Article IV Consultation-Press Release; and Staff Report

September 15, 2023

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Format: Chicago

International Monetary Fund. Asia and Pacific Dept "Kiribati: 2023 Article IV Consultation-Press Release; and Staff Report", IMF Staff Country Reports 2023, 329 (2023), accessed December 3, 2024, https://doi.org/10.5089/9798400255090.002

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Summary

The 2023 Article IV Consultation with Kiribati discusses that the recovery is expected to gain momentum in 2023. Real gross domestic product growth is projected at 2.5 percent in 2023, as economic activities return to a more normal state with the resumption of large infrastructure projects and improved weather conditions. The authorities’ strategy to boost export competitiveness and promote private sector development is encouraging and needs to be further augmented with robust structural reforms. Continued efforts to build statistical capacity will facilitate data-based policymaking. The authorities need to strengthen institutional capacity to produce high-quality national accounts, government finance statistics, and financial sector data in a timely manner to support sound economic management. It is encouraging that the authorities plan to implement the IMF’s Enhanced General Data Dissemination System by publishing economic data on a National Summary Data Page, which will help improve the availability of timely statistics.

Subject: Agroindustries, Economic and financial statistics, Economic sectors, External debt, Government finance statistics, International organization, Monetary policy, Public debt, Public financial management (PFM)

Keywords: Agroindustries, Australia and New Zealand, CPI update, Global, Government finance statistics, Headline inflation, IMF headquarters, Kiribati consumer price index, Pacific Islands, Standard of living

Publication Details

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