Kiribati: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Kiribati
IMF Staff Country Reports, September 9, 2016
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- Kiribati: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Kiribati
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Bibliographic details
- Published: September 9, 2016
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475535860.002
Recent economic performance
- Growth is estimated to have reached 3.5 percent in 2015.
- Growth in 2015 was supported by:
- record-high fishing revenue,
- donor-financed infrastructure projects,
- reconstruction in the aftermath of cyclone Pam.
Fiscal position and public finances
- The fiscal position has improved markedly in recent years.
- High fishing revenue contributed to a recurrent fiscal balance of almost 50 percent of GDP in 2015.
- The increase in recurrent government spending in 2015 was 13 percent; fishing revenue more than offset this increase.
Outlook and inflation
- Growth is projected to moderate somewhat to about 3 percent in 2016.
- Inflation remains subdued owing to low food and commodity prices.
Thematic subjects covered
- Agroindustries
- Budget planning and preparation
- Climate change
- Economic and financial statistics
- Economic sectors
- Environment
- External debt
- Government finance statistics
- Public debt
Keywords and focus areas
- Agroindustries, Australia and New Zealand, Climate change, CR, development partner, dollar, fishing revenue, GDP, Global, government, Government finance statistics, government's plan, ISCR, Kiribati, Kiribati authorities, Pacific Islands, private sector growth, real GDP
Kiribati: 2016 Article IV Consultation-Press Release;Staff Report; and Statement by the Executive Director for Kiribati — International Monetary Fund