Kiribati: 2018 Article IV Consultation -Press Release; Staff Report; and Statement by the Executive Director for Kiribati

Kiribati: 2018 Article IV Consultation -Press Release; Staff Report; and Statement by the Executive Director for Kiribati
ISBN-10
1484396154
ISBN-13
9781484396155
Category
Business & Economics
Pages
58
Language
English
Published
2019-01-24
Publisher
International Monetary Fund
Author
International Monetary Fund. Asia and Pacific Dept

Description

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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