Kiribati: 2009 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Kiribati
June 30, 2009
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This 2009 Article IV Consultation highlights that inflation in Kiribati increased to about 19 percent by end-2008, largely reflecting higher food prices. The current account deficit was broadly unchanged in 2008. Structural reforms are under way, although the pace has been limited by capacity constraints. Executive Directors have welcomed the recent improvement in economic activity. They have also welcomed the planned review and reform of public enterprises as critical to promoting private sector development, and to boosting the growth potential.
Subject: Economic sectors, Expenditure, External debt, Income, National accounts, Public sector, Revenue administration
Keywords: administered fuel price, Australia and New Zealand, CR, GDP, Global, government, Income, ISCR, Kiribati, Kiribati authorities, Kiribati economy, Pacific Islands, PFTAC advisor, PFTAC Multisector Statistics Advisor, public enterprise, Public sector
Pages:
45
Volume:
2009
DOI:
Issue:
199
Series:
Country Report No. 2009/199
Stock No:
1KIREA2009002
ISBN:
9781451821918
ISSN:
1934-7685
