International Monetary Fund. Asia and Pacific Dept
This paper reviews the development and sustainability of Kiribati’s fishery industry, and examines the literature on the marine protected areas (MPAs) and the impact of different fishery management regimes on sustainability. The note also discusses the recent development of the Phoenix Islands Protected Area (PIPA). Over time, sustainability of Kiribati’s fisheries has improved, but more could be done to ensure sustainable fishing.
International Monetary Fund. Finance Dept. and International Monetary Fund. Legal Dept.
This paper presents the first set of contribution agreements that had been finalized with contributors by the time of the operationalization of the Resilience and Sustainability Trust (RST) on October 12, 2022. The six finalized agreements provide for contributions in a total amount of about SDR 15.3 billion across the three RST accounts – the loan account, deposit account, and reserve account. These six finalized agreements deliver critical resources for the operationalization of the RST and represent an important step towards its adequate funding.