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Cover IMF Staff Country Reports
IMF Executive Board Concludes 2018 Article IV Consultation with Kiribati
International Monetary Fund. Asia and Pacific Dept

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

Keywords:
ISCR; CR; Kiribati; government; debt; near-term outlook; long-run prospect; volatile fishing revenue; Kiribati's history
Cover IMF Staff Country Reports
Kiribati: 2018 Article IV Consultation -Press Release; Staff Report; and Statement by the Executive Director for Kiribati
International Monetary Fund. Asia and Pacific Dept
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.
Keywords:
ISCR; CR; Kiribati; government; debt; fishing revenue; liability positions vis-à-vis nonresident; government transition; resilience to climate change; private sector growth; government's plan; Agroindustries; Natural disasters; Fiscal accounting and reporting; Global; Pacific Islands; Australia and New Zealand; Asia and Pacific
Cover IMF Staff Country Reports
Kiribati: 2018 Article IV Consultation—Press Release; Staff Report; and Statement by the Executive Director for Kiribati
Mr. James Daniel and Mr. Kevin Fletcher

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

Keywords:
ISCR; CR; Kiribati; government; debt; fishing revenue; RERF balance; sound revenue strategy; current account; private sector; Agroindustries; Fiscal stance; Current spending; Global
Cover IMF Staff Country Reports
Kiribati: Staff Report for the 2018 Article IV Consultation—Debt Sustainability Analysis
Mr. James Daniel and John Panzer

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

Keywords:
ISCR; CR; Kiribati; government; debt; sustainability analysis; dynamics equation; debt-carrying capacity; debt trajectory; zither debt; Public and publicly-guaranteed external debt; Debt sustainability analysis; Pacific Islands
Cover IMF Staff Country Reports
Kiribati: Staff Report for the 2018 Article IV Consultation—Informational Annex
International Monetary Fund. Asia and Pacific Dept

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

Keywords:
ISCR; CR; Kiribati; government; debt; trade price price index; retail price index; Financial statistics; Government finance statistics; Reserve assets; Financial statements
Cover IMF Staff Country Reports
Statement by Mr. Nigel Ray, Executive Director of Kiribati, and Ms. Anna Park, Advisor to the Executive Director of Kiribati
International Monetary Fund. Asia and Pacific Dept

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

Keywords:
ISCR; CR; Kiribati; government; debt; Kiribati's economy; copra subsidy; private sector development; Kiribati consist; Agroindustries; Pacific Islands
Cover IMF Staff Country Reports
IMF Executive Board Concludes 2017 Article IV Consultation with Kiribati
International Monetary Fund. Asia and Pacific Dept

2017 Article IV Consultation-Press Release; and Staff Report

Keywords:
ISCR; CR; Kiribati; real GDP; debt; dollar; GDP deflator; private sector growth; management of the Revenue Equalization Reserve Fund; development partner
Cover IMF Staff Country Reports
Kiribati: 2017 Article IV Consultation-Press Release; and Staff Report
International Monetary Fund. Asia and Pacific Dept
This 2017 Article IV Consultation highlights that Kiribati’s economic fundamentals have strengthened in recent years. Strong fishing revenue improved the fiscal position, strengthened the current account, and boosted business confidence. After registering a double-digit rate in 2015, real GDP growth declined to 1.1 percent in 2016, but is projected to pick up to about 3 percent in 2017 driven by construction and wholesale and retail trade. The authorities have made commendable progress in structural reforms. They have implemented important reforms to improve the governance and management of the Revenue Equalization Reserve Fund and replenished the fund from the cash reserves. Despite a favorable economic outlook, risks to near-term growth are substantial and skewed to the downside.
Keywords:
ISCR; CR; Kiribati; real GDP; debt; dollar; GDP deflator; fishing revenue; executive board assessment; exchange rate volatility; PFTAC TA mission; Kiribati's participation; Agroindustries; Climate change; Global; Pacific Islands; Australia and New Zealand
Cover IMF Staff Country Reports
Kiribati: Staff Report for the 2017 Article IV Consultation
International Monetary Fund. Asia and Pacific Dept

2017 Article IV Consultation-Press Release; and Staff Report

Keywords:
ISCR; CR; Kiribati; real GDP; debt; dollar; GDP deflator; fishing revenue; consumer price basket; Kiribati economy; cash reserves; withdrawal mechanism; Agroindustries; Infrastructure; Budget planning and preparation; Climate change; Global; revenue shock