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Asia and Pacific > Kiribati

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Cover IMF Survey
IMF Survey, Volume 30, Issue 19
International Monetary Fund. External Relations Dept.
The Web edition of the IMF Survey is updated several times a week, and contains a wealth of articles about topical policy and economic issues in the news. Access the latest IMF research, read interviews, and listen to podcasts given by top IMF economists on important issues in the global economy. www.imf.org/external/pubs/ft/survey/so/home.aspx
Keywords:
SV; IMF's website; Horst Köhler; discussing globalization; FDI; IMF publication service; IMF staff country; IMF survey; IMF executive board reviews data standard; Poverty reduction strategy; Poverty reduction; Foreign direct investment; Exchange rates; Trade barriers; Global; East Asia; Europe; Africa; Central and Eastern Europe
Cover IMF Staff Country Reports
Kiribati: Recent Economic Developments
International Monetary Fund
Kiribati is a country in the central Pacific Ocean and one of the least-developed Pacific island economies. A large share of imports and government spending is financed from external grants and fishing license fees. The key policy development has been the adoption of a medium-term strategy, which focuses on reducing the role of the public sector to promote the development of the private sector. The improvement in the current and capital account balances has led to an increase in the overall balance.
Keywords:
ISCR; CR; Kiribati; Kiribati authorities; enterprise; balance
Cover IMF Staff Country Reports
Kiribati: Statistical Appendix
International Monetary Fund
In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.
Keywords:
ISCR; CR; Kiribati; Kiribati authorities; value; earnings; Kiribati housing corporation; Kiribati oil company; seamen transfer; unit value; Income; Budget planning and preparation; Public enterprises; Exports; Reserve assets
Cover IMF Staff Country Reports
Kiribati: Recent Economic Developments
International Monetary Fund
This report describes recent economic developments in Kiribati. Developments over the decade through 1992 were characterized by a fall in real per capita income, as economic development was constrained by a shortage of skilled manpower, weak infrastructure, and remoteness from major international markets. However, inflation was held broadly in line with price increases in major trading partners. The overall external balance was in large surplus, as substantial trade deficits in part reflecting small export earnings were more than offset by service account surpluses and external grant receipts.
Keywords:
ISCR; CR; Kiribati; price; company; Kiribati authorities; export; rate; RERF interest; production base; support price; telecom Kiribati; government corporation; price stabilization scheme; interest stabilization reserve; shipping corporation; equity price; Agroindustries; Exports; Budget planning and preparation; Income; Foreign direct investment; Europe; Global
Cover IMF Working Papers
Paradise Lost? Growth, Convergence and Migration in the South Pacific
Norman Loayza
and
Mr. Paul Cashin
This paper examines the determinants of growth for nine South Pacific countries during the period 1971-93, using the analytical framework of the Solow-Swan neoclassical growth model. Chamberlain’s II-matrix estimator is used to account for unobserved country-specific heterogeneity in the growth process, and to control for errors-in-variables bias in calculations of real per-capita GDP. The speed of convergence of South Pacific countries to their respective steady-state levels of per-capita GDP, after controlling for the important regional effects of net international migration, is estimated at a relatively fast 4 percent per year. In addition, private and official transfers emanating from regional donor countries have kept the dispersion of real per-capita national disposable income constant over the period, despite a significant widening in the regional dispersion of real per-capita GDP.
Keywords:
WP; growth rate; per-capita GDP; Island economy; II-matrix estimation procedure; procedure consist; per-capita income; rate of growth; island economies of the South Pacific; time series; Personal income; Migration; National income; Public expenditure review; Disposable income; Australia and New Zealand
Cover Economic Development in Seven Pacific Island Countries
Economic Development in Seven Pacific Island Countries
Mr. Douglas A. Scott
and
Mr. Christopher Browne

Abstract

This book, by Christopher Browne with Douglas A. Scott, reviews the economic progress that Fiji, Kiribati, Papua New Guinea, Solomon Islands, Tonga, Vanuatu, and Western Samoa have made since independence. An overview of the region examines development strategies, external economic relations, the role of the private sector, and the evolution of financial structures. Seven country studies describe the main characteristics of each economy, analyze performance over the past decade, and provide detailed statistics suitable for cross-country comparison.

Keywords:
BOOK; current account; government; gross domestic product; balance of payments; Tonga; Tongan authorities; rate of inflation; consumer goods; demand management; Vanuatu authorities; Imports; Exports; Public sector; Current spending; Pacific Islands; Australia and New Zealand; Western Europe
Cover Summary Proceedings of the Forty-First Annual Meetings of the Board of Governors, 1986
Summary Proceedings of the Forty-First Annual Meetings of the Board of Governors, 1986
International Monetary Fund. Secretary's Department

Abstract

The speeches made by officials attending the IMF–World Bank Annual Meetings are published in this volume, along with the press communiqués issued by the International Monetary and Financial Committee and the Development Committee at the conclusion of the meetings.

Keywords:
industrial country; world economy; economic system; board of governors; financial support; trade protection; structural adjustment; Exports; Commodity prices; International monetary system; Sub-Saharan Africa; Global; Africa; Europe; Southern Africa