Kiribati: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Kiribati

May 10, 2024

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Format: Chicago

Kiribati: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Kiribati, (USA: International Monetary Fund, 2024) accessed September 27, 2024

Summary

Kiribati’s economy recovered strongly from the pandemic on the back of supportive fiscal measures including subsidies, grants, and (most recently) an increase in civil service wages. Inflation, which has decelerated from its recent peak, is projected to pick up again mainly due to increased domestic demand. Kiribati is among the most vulnerable countries to the effects of climate change. Infrastructure gaps compound already challenging constraints imposed by distance and dispersion, limiting the development of the private sector in the state-dominated economy, and cementing its reliance on imports, especially for essential commodities such as food and fuel.

Subject: Agroindustries, Debt sustainability analysis, Economic sectors, External debt, Government debt management, International organization, Monetary policy, Public debt, Public financial management (PFM)

Keywords: Agroindustries, Australia and New Zealand, Debt sustainability analysis, Global, Government debt management, IMF headquarters, Kiribati authorities, Kiribati's economy, Money market rate, Pacific Islands, Private sector employment

Publication Details

Pages:

85
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2024/103
Stock No:

1KIREA2024001
ISBN:

9798400275487
ISSN:

1934-7685

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