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

Publication Date:

June 6, 2013

Electronic Access:

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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.

Series:

Country Report No. 2013/158

Subject:

English

Publication Date:

June 6, 2013

ISBN/ISSN:

9781484338353/1934-7685

Stock No:

1KIREA2013001

Pages:

55

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