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
IMF Staff Country Reports, May 24, 2011
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- 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
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Bibliographic details
- Published: May 24, 2011
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781455287635.002
Key findings and staff observations
- The economy of Kiribati showed resilience from the global crisis owing to infrastructure projects financed by foreign assistance.
- The staff report highlights the role of infrastructure projects in supporting economic resilience.
- Directors noted the joint IMF-World Bank debt sustainability analysis.
Executive Directors' conclusions and recommendations
- Executive Directors stressed the importance of preserving real per capita value of the Revenue Equalization Reserve Fund to ensure fiscal sustainability and intergenerational fairness.
- Directors appreciated the multiyear budget framework, which helped in designing realistic fiscal plans.
- Directors encouraged authorities to secure grant financing to support the country’s development needs.
Thematic coverage (as listed)
- Climate change
- Environment
- External debt
- Fiscal policy
- Fiscal stance
- Fuel prices
- Public and publicly-guaranteed external debt
- Public debt
Context and related programmatic elements
- Joint IMF-World Bank debt sustainability analysis was noted by Directors.
- Multiyear budget framework supported realistic fiscal planning.
- Emphasis on grant financing to meet development needs and support sustainability.