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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 Asia and Pacific
Asia and Pacific
Small States Monitor, April 2014: Volume 1, Issue 1
Ms. Shari Boyce
,
Mr. Sergei Dodzin
,
Mr. Xuefei Bai
,
Ezequiel Cabezon
,
Mr. Fazurin Jamaludin
,
Mr. Yiqun Wu
, and
Ms. Rosanne Heller

Abstract

The work on the small states is an important component of the IMF’s global policy agenda. Among the 36 member countries covered by the IMF Asia and Pacific Department (APD), 13 countries are developing small states—most of which are Pacific islands. As part of APD’s ongoing effort to increase its engagement with regional small states and their development partners and enhance information sharing within the IMF, this issue marks the launch of the APD Small States Monitor, a quarterly bulletin featuring the latest economic developments, country notes from the most recent Article IV staff reports, special topics, past and upcoming events, and forthcoming IMF research on small states. In future issues, we will also host contributions from the authorities of small states and their development partners on key policy topics. Our goal is to exchange knowledge and deepen our understanding of the policy challenges these economies face to better tailor our policy advice.

Keywords:
MISC PERIOD; Misc.; IMF staff estimate; household debt; commodity exporter; IMF Asia; fishing license fee; APD small states outlook; Agroindustries; Fiscal stance; Natural disasters; Income tax systems; Pacific Islands; Asia and Pacific; Global
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