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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
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; 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
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; 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 2016 Article IV Consultation with Kiribati
International Monetary Fund. Asia and Pacific Dept

Kiribati is a small and fragile state vulnerable to climate change. Record high fishing revenue in recent years has boosted growth, improved the current account, and strengthened the balance of the sovereign wealth fund, the primary vehicle for intergenerational saving. However, fishing revenue has declined in the early months of 2016 and is projected to remain at more modest levels over the medium term. Building fiscal buffers to enhance resilience and continued support from development partners are essential to mitigate downside risks to growth.

Keywords:
ISCR; CR; government; Kiribati; real GDP; dollar; development partner; GDP; fishing revenue; revenue equalization; climate change adaptation cost; address deficiency; resilience to climate change; Fiscal stance; Climate change; Agroindustries; Global; Kiribati's resource
Cover IMF Staff Country Reports
Kiribati: 2016 Article IV Consultation-Press Release;Staff Report; and Statement by the Executive Director for Kiribati
International Monetary Fund. Asia and Pacific Dept
This 2016 Article IV Consultation highlights that Kiribati’s recent economic performance has been strong. Growth is estimated to have reached 3.5 percent in 2015, supported by record-high fishing revenue, donor-financed infrastructure projects, and reconstruction in the aftermath of cyclone Pam. The fiscal position has improved markedly in recent years. High fishing revenue contributed to a recurrent fiscal balance of almost 50 percent of GDP in 2015, more than offsetting the increase in recurrent government spending of 13 percent. Growth is projected to moderate somewhat to about 3 percent in 2016, while inflation remains subdued owing to low food and commodity prices.
Keywords:
ISCR; CR; government; Kiribati; real GDP; dollar; development partner; GDP; fishing revenue; private sector growth; government's plan; Kiribati authorities; Climate change; Agroindustries; Government finance statistics; Global; Pacific Islands; Australia and New Zealand
Cover IMF Staff Country Reports
Kiribati: Staff Report for the 2016 Article IV Consultation