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Kiribati

Author: International Monetary
Publisher: Washington, D.C. : International Monetary Fund, 2019.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
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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Details

Genre/Form: Electronic books
Additional Physical Format: Print version:
Monetary, International.
Kiribati.
Washington, D.C. : International Monetary Fund, ©2019
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: International Monetary
ISBN: 9781484396186 1484396189
OCLC Number: 1085228772
Description: 1 online resource (59 pages)
Contents: Cover; CONTENTS; CONTEXT; RECENT DEVELOPMENTS, OUTLOOK, AND RISKS; POLICY DISCUSSIONS; A. Reinforcing the Fiscal Framework; B. Creating an Environment for a Dynamic Private Sector; C. Enhancing Governance; STAFF APPRAISAL; BOXES; 1. Air Connectivity: Risky Business; 2. Fisheries Management: Risks and Actions; 3. Economic Diversification: Possible Directions; FIGURES; 1. Cross-Country Setting: Economic Fundamentals; 2. Cross-Country Setting: Structural Indicators; 3. Recent Developments; TABLES; 1. Selected Economic Indicators, 2013-19; 2. Medium-Term Projections, 2015-23 3a. Summary of Government Operations (in millions of AUD), 2015-233b. Summary of Government Operations (in percent of GDP), 2015-23; 4. Balance of Payments, 2015-23; APPENDICES; I. External Sector Assessment; II. Risk Assessment Matrix; III. Main Recommendations of the 2017 Article IV Consultation; IV. SDG and Strategic Surveillance Matrix

Abstract:

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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