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Asia and Pacific > Kiribati

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Cover High-Level Summary Technical Assistance Reports
Kiribati: Agricultural Subsidies for Copra: Improving Efficiency and Equity and Balancing Trade-offs
International Monetary Fund. Fiscal Affairs Dept.
This technical assistance mission assessed Kiribati’s agricultural output price scheme that subsidizes the production of copra (dried coconut). The mission estimates that subsidies in 2023 amounted to 7.8 percent of GDP. The scheme’s technical and allocative inefficiencies, incidence in rural areas, and high fiscal cost, could be mitigated in the short- and medium term, by scaling back the subsidies, replacing them in part with cash transfers and public goods provision in the outer islands, securing fiscal savings in the process, and introducing competitive elements in the copra value chain.
Keywords:
Kiribati; subsidy; agriculture; efficiency; equity; expenditure; IMF activity; subsidy scheme; copra value chain; value chain concern; farmgate price; public goods provision; Government subsidies; Export prices; Agricultural sector; Consumption
Cover IMF Staff Country Reports
Kiribati: Selected Issues
International Monetary Fund. Asia and Pacific Dept
The Selected Issues paper focuses on climate change in Kiribati. This note summarizes the main ways in which climate change may negatively affect the economy of Kiribati. It then shows how Kiribati may cope with these negative effects by implementing adaptation projects, as well as by contributing to global mitigation efforts. Finally, the note describes some issues related to climate finance and how authorities of Kiribati may direct their efforts in the most productive way to ensure that climate-related projects obtain the proper financial backing and are carried out to fruition in a timely fashion. Leveraging climate finance effectively is critical to ensure Kiribati implements climate projects. Introducing renewable energy is one of the most effective ways to achieve emissions reductions for Kiribati. Besides renewable energy, other non-price-based instruments can be deployed for climate mitigation. Above all, international cooperation is crucial to help Kiribati overcome climate threats. The impact of climate change is far beyond the ability of any countries to cope with it alone, not to mention small atoll islands like Kiribati.
Keywords:
Policy recommendation; fishery management rule; growth Impact; gender equality in Kiribati; Kiribati grid; Climate change; Agroindustries; Gender inequality; Climate finance; Global; Pacific Islands; Australia and New Zealand
Cover IMF Staff Country Reports
Kiribati: Statistical Appendix
International Monetary Fund
This report presents data provided by the authorities during 2005–09, which include Kiribati's contributions to GDP growth and gross national product. It provides a summary of central government's operations, revenue 2005–09, central government expenditure (functional and economic classifications), salary structure 2004–08, and budgetary subsidies to public enterprises. Details of assets and the liabilities of the Development Bank of Kiribati, provident funds, ANZ bank's balance sheets and interest rates, and composition of exports and imports are also mentioned. It shows services and income, external grants, and external assets and liabilities as well.
Keywords:
ISCR; CR; Kiribati authorities; Kiribati; gross domestic product; cooperative society; Kiribati housing corporation; development fund; interest stabilization; Income; Agroindustries; Current spending; Transportation; Australia and New Zealand
Cover IMF Staff Country Reports
Kiribati: 2009 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Kiribati
International Monetary Fund
This 2009 Article IV Consultation highlights that inflation in Kiribati increased to about 19 percent by end-2008, largely reflecting higher food prices. The current account deficit was broadly unchanged in 2008. Structural reforms are under way, although the pace has been limited by capacity constraints. Executive Directors have welcomed the recent improvement in economic activity. They have also welcomed the planned review and reform of public enterprises as critical to promoting private sector development, and to boosting the growth potential.
Keywords:
ISCR; CR; government; Kiribati; GDP; public enterprise; Kiribati economy; Kiribati authorities; PFTAC advisor; administered fuel price; PFTAC Multisector Statistics Advisor; Public sector; Income; Global; Pacific Islands; Australia and New Zealand
Cover IMF Staff Country Reports
Kiribati: 2001 Article IV Consultation--Staff Report and Public Information Notice on the Executive Discussion
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; private sector; Kiribati; deficit; legal tender; Development expenditure; real GDP; fishing license fee; government policy; Agroindustries; Public sector; Current spending; Public enterprises; Pacific Islands; article IV consultation discussion; deep-sea fishing sector; comparing Kiribati; IMF's article; Kiribati's success; Policy discussion
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 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