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Kiribati: 2018 Article IV Consultation -Press Release; Staff Report; 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 2019: Issue 026
Language:
English
Publication Date:
24 Jan 2019
DOI:
https://doi.org/10.5089/9781484396131.002
ISBN:
9781484396131
ISSN:
1934-7685
Pages:
58
Keywords:
ISCR; CR; Kiribati; government; debt; fishing revenue; liability positions vis-à-vis nonresident; government transition; resilience to climate change; private sector growth; government's plan; Agroindustries; Natural disasters; Fiscal accounting and reporting; Global; Pacific Islands; Australia and New Zealand; Asia and Pacific
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Growth has been strong in recent years and some moderation is expected, with risks skewed to the downside. High fishing revenues improved the fiscal position, but generated pressure to increase spending. There has been progress on fiscal and structural reforms. Yet, public spending needs are large, driven by an infrastructure gap and climate adaptation costs, and the country remains at high risk of debt distress.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund