Kiribati: 2023 Article IV Consultation-Press Release; and Staff Report
IMF Staff Country Reports, September 15, 2023
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- Kiribati: 2023 Article IV Consultation-Press Release; and Staff Report
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Bibliographic details
- Published: September 15, 2023
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400255090.002
Macroeconomic outlook and key projection
- Real gross domestic product growth is projected at 2.5 percent in 2023.
- Recovery expected to gain momentum in 2023 as economic activities return to a more normal state with the resumption of large infrastructure projects and improved weather conditions.
Policy assessment and recommendations
- Authorities’ strategy to boost export competitiveness and promote private sector development is encouraging.
- The strategy needs to be further augmented with robust structural reforms.
- Continued efforts to build statistical capacity will facilitate data-based policymaking.
Statistical capacity and data dissemination
- 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.
- 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.
Source: Kiribati: 2023 Article IV Consultation-Press Release; and Staff Report, September 15, 2023.
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- 1kirea2023002