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

_IMF Staff Country Reports, January 24, 2019_

## Source details

**Canonical URL:** [Kiribati: 2018 Article IV Consultation -Press Release; Staff Report; and Statement by the Executive Director for Kiribati](https://www.imf.org/en/publications/cr/issues/2019/01/24/kiribati-2018-article-iv-consultation-press-release-staff-report-and-statement-by-the-46546)

## Other formats

- [Markdown version](/en/publications/cr/issues/2019/01/24/kiribati-2018-article-iv-consultation-press-release-staff-report-and-statement-by-the-46546/index.md)
- [Structured JSON version](/en/publications/cr/issues/2019/01/24/kiribati-2018-article-iv-consultation-press-release-staff-report-and-statement-by-the-46546/index.json)
- [Bundle manifest](/en/publications/cr/issues/2019/01/24/kiribati-2018-article-iv-consultation-press-release-staff-report-and-statement-by-the-46546/bundle-manifest.json)

## Bibliographic details
- Published: January 24, 2019
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484396131.002

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### Executive summary and growth outlook
- 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.
- Public spending needs are large, driven by an infrastructure gap and climate adaptation costs.
- The country remains at high risk of debt distress.

### Fiscal position and public spending pressures
- High fishing revenues improved the fiscal position.
- Increased fiscal pressure to raise spending followed the higher fishing revenues.
- Large public spending needs are driven by:
  - an infrastructure gap, and
  - climate adaptation costs.

### Reforms, risks, and debt
- Progress has been made on fiscal and structural reforms.
- Risks to the outlook are skewed to the downside.
- Kiribati remains at high risk of debt distress.

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## Content in this bundle

- **Country Report**
  - [Country Report (Markdown version)](/-/media/files/publications/cr/2019/cr1926-kiribati.pdf.md){rel="alternate" type="text/markdown"}
  - [Country Report (PDF)](/-/media/files/publications/cr/2019/cr1926-kiribati.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2019/01/24/kiribati-2018-article-iv-consultation-press-release-staff-report-and-statement-by-the-46546_