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Title Kiribati : 2009 Article IV consultation : staff report : public information notice on the Executive Board discussion : and statement by the Executive Director for Kiribati
Published [Washington, D.C.] : International Monetary Fund, ©2009

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Description 1 online resource : color illustrations
Series IMF country report ; no. 09/199
IMF country report ; no. 09/199.
Contents Cover; Contents; Executive Summary; I. Introduction; II. Economic Background and Outlook; A. Recent Developments; B. Outlook and Risks; C. External Stability, Exchange Rate, and Competitiveness; III. Policies to Promote Sustainable Growth; A. Fiscal Policy and RERF Drawdowns; B. Strategy to Enhance the Role of the Private Sector; C. Financial Sector Issues; IV. Staff Appraisal; Boxes; 1. Revenue Equalization Reserve Fund; 2. Impact of the Global Financial Turmoil and Slowdown on Kiribati; 3. Pacific Island Reform Successes; Figures; 1. Comparative Chart with Other Pacific Island Countries
2. Output, Prices, and Exchange Rates, 1992-20083. Central Government Budget, 1992-2008; 4. Indicators of Investment Climate; Tables; 1. Selected Economic Indicators, 2004-09; 2. Summary of Central Government Operations, 2004-09; 3. Balance of Payments, 2004-09; 4. Medium-Term Projections, 2007-14; 5. Social Indicators; Appendix; Medium-Term Projections; Contents; I. Fund Relations; II. Relations with the Pacific Financial Technical Assistance Centre; III. Relations with the World Bank Group; IV. Relations with the Asian Development Bank; V. Statistical Issues
Summary 1. The geography of Kiribati poses significant challenges, but also offers substantial opportunities. Kiribati has a population of around 100,000, nearly half of which live densely concentrated in Tarawa and the remainder widely dispersed on low lying atolls in around 3 1/2 million square kilometers of the equatorial Pacific Ocean. Like other Pacific island nations, Kiribati is far from major markets and has a shallow economic base. Production and exports are limited to copra, seaweed, and fish and much of the population (particularly on outer islands) lives a subsistence lifestyle. The public sector dominates the economy and external grants amount to around 60 percent of GDP (Figure 1). Kiribati is also one of the most vulnerable countries in the world to sea level rise. However, the geography also provides key sources of sustainable revenue. Fishing license fees, remittances from Kiribati seamen, and revenues from the trust fund (derived from phosphate up to 1979) already provide substantial revenue sources
Notes Cover title
"June 2009."
English
Print version record
Subject International Monetary Fund -- Kiribati
SUBJECT International Monetary Fund fast
Subject Foreign exchange rates -- Kiribati
Competition -- Kiribati
Fiscal policy -- Kiribati
Competition
Economic history
Economic policy
Fiscal policy
Foreign exchange rates
SUBJECT Kiribati -- Economic policy
Kiribati -- Economic conditions
Subject Kiribati
Form Electronic book
Author International Monetary Fund.
ISBN 1280886382
9781280886386
1462392768
9781462392766
1452787786
9781452787787
1451883188
9781451883183
9786613727695
6613727695