{
  "title": "Kiribati: Selected Issues",
  "publication": "IMF Staff Country Reports, May 10, 2024",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2024/05/09/kiribati-selected-issues-548734",
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  "summary": "This Selected Issues paper focuses on a case study on copra subsidy in Kiribati. The copra subsidy, disbursed as a minimum support price, is a major part of the social safety net in Kiribati.",
  "sections": [
    {
      "heading": "Overview",
      "content": "- Case study focus: copra subsidy in Kiribati.\n- Nature of subsidy: disbursed as a minimum support price and constitutes a major part of the social safety net in Kiribati.\n- Stated purposes of the subsidy:\n  - Transfer resources to the outer islands.\n  - Stem migration to the capital."
    },
    {
      "heading": "Modeling findings",
      "content": "- Horizontal diversification model:\n  - A higher subsidy on copra diverts production and labor towards copra.\n  - A higher subsidy on copra lowers overall income.\n- Vertical diversification model:\n  - A subsidy on a primary product increases its supply.\n  - A subsidy on a primary product reduces production of the final good."
    },
    {
      "heading": "Policy options and recommendations",
      "content": "- Options considered for the government:\n  - Boost the subsidy’s efficiency.\n  - Replace the scheme with a poverty-targeted social assistance program.\n  - Impose a cap on payments.\n- Development partner support:\n  - Development partners, including the IMF and the World Bank, stand ready to provide support in both areas as needed.\n\n---\n\n Content in this bundle\n\n- Kiribati: Selected Issues; IMF Country Report No. 24/104; April 15, 2024\n  - Kiribati: Selected Issues; IMF Country Report No. 24/104; April 15, 2024 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Kiribati: Selected Issues; IMF Country Report No. 24/104; April 15, 2024 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "[Markdown version](/en/publications/cr/issues/2024/05/09/kiribati-selected-issues-548734/index.md)",
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    "Published: May 10, 2024",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9798400275494.002",
    "Case study focus: copra subsidy in Kiribati.",
    "Nature of subsidy: disbursed as a minimum support price and constitutes a major part of the social safety net in Kiribati.",
    "Stated purposes of the subsidy:",
    "Horizontal diversification model:",
    "Vertical diversification model:",
    "Options considered for the government:",
    "Development partner support:",
    "**Kiribati: Selected Issues; IMF Country Report No. 24/104; April 15, 2024**"
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