Kiribati: 2018 Article IV Consultation -Press Release; Staff Report; and Statement by the Executive Director for Kiribati

January 24, 2019

Summary

Growth has been strong in recent years and some moderation is expected, with risks skewed to the downside. High fishing revenues improved the fiscal position, but generated pressure to increase spending. There has been progress on fiscal and structural reforms. Yet, public spending needs are large, driven by an infrastructure gap and climate adaptation costs, and the country remains at high risk of debt distress.

Subject: Agroindustries, Economic sectors, Environment, External debt, Fiscal accounting and reporting, Natural disasters, Public debt, Public financial management (PFM)

Keywords: Agroindustries, Asia and Pacific, Australia and New Zealand, CR, debt, Fiscal accounting and reporting, fishing revenue, Global, government, government transition, government's plan, ISCR, Kiribati, liability positions vis-à-vis nonresident, Natural disasters, Pacific Islands, private sector growth, resilience to climate change

Pages:
58
Volume:
2019
DOI:
https://doi.org/10.5089/9781484396131.002
Issue:
026
Series:
Country Report No. 2019/026
Stock No:
1KIREA2019001
ISBN:
9781484396131
ISSN:
1934-7685

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