{
  "title": "Kiribati: 2023 Article IV Consultation-Press Release; and Staff Report",
  "publication": "IMF Staff Country Reports, September 15, 2023",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2023/09/15/kiribati-2023-article-iv-consultation-press-release-and-staff-report-539167",
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  "summary": "The 2023 Article IV Consultation with Kiribati discusses that the recovery is expected to gain momentum in 2023. Real gross domestic product growth is projected at 2.",
  "sections": [
    {
      "heading": "Macroeconomic outlook and key projection",
      "content": "- Real gross domestic product growth is projected at 2.5 percent in 2023.\n- Recovery expected to gain momentum in 2023 as economic activities return to a more normal state with the resumption of large infrastructure projects and improved weather conditions."
    },
    {
      "heading": "Policy assessment and recommendations",
      "content": "- Authorities’ strategy to boost export competitiveness and promote private sector development is encouraging.\n- The strategy needs to be further augmented with robust structural reforms.\n- Continued efforts to build statistical capacity will facilitate data-based policymaking."
    },
    {
      "heading": "Statistical capacity and data dissemination",
      "content": "- Authorities need to strengthen institutional capacity to produce high-quality national accounts, government finance statistics, and financial sector data in a timely manner to support sound economic management.\n- Authorities plan to implement the IMF’s Enhanced General Data Dissemination System by publishing economic data on a National Summary Data Page, which will help improve the availability of timely statistics.\n\nSource: Kiribati: 2023 Article IV Consultation-Press Release; and Staff Report, September 15, 2023.\n\n---\n\n Content in this bundle\n\n- 1kirea2023002\n  - 1kirea2023002 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 1kirea2023002 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: September 15, 2023",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9798400255090.002",
    "Real gross domestic product growth is projected at 2.5 percent in 2023.",
    "Recovery expected to gain momentum in 2023 as economic activities return to a more normal state with the resumption of large infrastructure projects and improved weather conditions.",
    "Authorities’ strategy to boost export competitiveness and promote private sector development is encouraging.",
    "The strategy needs to be further augmented with robust structural reforms.",
    "Continued efforts to build statistical capacity will facilitate data-based policymaking.",
    "Authorities need to strengthen institutional capacity to produce high-quality national accounts, government finance statistics, and financial sector data in a timely manner to support sound economic management.",
    "Authorities plan to implement the IMF’s Enhanced General Data Dissemination System by publishing economic data on a National Summary Data Page, which will help improve the availability of timely statistics.",
    "**1kirea2023002**"
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