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Kiribati: 2013 Article IV Consultation—Staff Report; Informational Annex, Debt Sustainability Analysis, Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Kiribati
Author:
International Monetary Fund. Asia and Pacific Dept
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2013: Issue 158
Language:
English
Publication Date:
06 Jun 2013
DOI:
https://doi.org/10.5089/9781484338353.002
ISBN:
9781484338353
ISSN:
1934-7685
Pages:
55
Keywords:
ISCR; CR; government; real GDP; debt; RERF balance; RERF assets; Kiribati authorities; staff projection; policy reform matrix; Kiribati's so; Agroindustries; Climate change; Pacific Islands; Australia and New Zealand; Global
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Kiribati is one of the poorest and most remote microstates in the Pacific. It is highly dependent on volatile fishing license fees, remittances, and donor assistance. The challenge is to implement fiscal and structural reforms to help ensure fiscal sustainability, promote private sector development, and increase its resilience to external shocks. Fully using its marine potential beyond fishing license fees will help to improve fiscal revenues and growth opportunities. More generally, private sector development is critical for both increasing growth and reducing fiscal pressures.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund