Kiribati: 2025 Article IV Consultation-Press Release; and Staff Report
IMF Staff Country Reports, July 10, 2025
Source details
- Canonical URL
- Kiribati: 2025 Article IV Consultation-Press Release; and Staff Report
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Bibliographic details
- Published: July 10, 2025
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798229015462.002
Key development challenges
- Kiribati faces significant development challenges due to its remoteness, limited landmass, and high exposure to climate-related shocks.
- Recent growth has been largely driven by public sector expansion, rather than broad-based private-sector-led activity.
- Fiscal and current account balances have deteriorated substantially in recent years.
Drivers of recent macroeconomic outcomes
- Lower fishing revenues have contributed to weaker external receipts.
- Increased current expenditures have raised the fiscal burden and contributed to a higher import bill.
- The combination of weaker fishing revenues and higher current spending is potentially weighing on long-term development prospects.
Government policy agenda and social measures
- The government has expanded social benefits.
- The government is pursuing an ambitious long-term development agenda focusing on:
- health,
- education,
- financial inclusion,
- infrastructure, and
- diversification.
Analytical focus and subjects covered
- Debt sustainability analysis
- External debt
- Infrastructure
- National accounts
- Public debt
- Revenue administration
Publication metadata and key identifiers
- Publication date: July 10, 2025
- Pages: 87
- Volume: 2025
- Issue: 172
- Series: Country Report No. 2025/172
- DOI: https://doi.org/10.5089/9798229015462.002
- Stock No: 1KIREA2025001
- ISBN: 9798229015462
- ISSN: 1934-7685
International Monetary Fund. Kiribati: 2025 Article IV Consultation-Press Release; and Staff Report (IMF Staff Country Reports 2025, 172).
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- 1kirea2025001-source-pdf