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Asia and Pacific > Kiribati

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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 Working Papers
Are the Asia and Pacific Small States Different from Other Small States?
Ms. Patrizia Tumbarello
,
Ezequiel Cabezon
, and
Mr. Yiqun Wu
The small states of the Asia and Pacific region face unique challenges in raising their growth potential and living standards relative to other small states due to their small populations, geographical isolation and dispersion, narrow export and production bases, exposure to shocks, and heavy reliance on aid. Higher fixed government costs, low access to credit by the private sector, and capacity constraints are also key challenges. The econometric analysis confirms that the Pacific Island Countries (PICs) have underperformed relative to their peers over the last 20 years. Although these countries often face more limited policy tools, policies do matter and can further help build resilience and raise potential growth, as evidenced in the recent business cycle. The Asia and Pacific small states should continue rebuilding buffers and improve the composition of public spending in order to foster inclusive growth. Regional solutions should also continue to be pursued.
Keywords:
WP; IMF staff calculation; micro state; country authorities; real GDP; Asia and Pacific; small states; micro states; Pacific islands; growth; volatility; Asia-Pacific small state government; ECCU country; effective purchasing power; Pacific region; small states-Asia; country information; Income; Terms of trade; Government consumption; Climate change
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