IMF Staff Country Reports

Kiribati: 2025 Article IV Consultation-Press Release; and Staff Report

July 10, 2025

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International Monetary Fund. Asia and Pacific Dept "Kiribati: 2025 Article IV Consultation-Press Release; and Staff Report", IMF Staff Country Reports 2025, 172 (2025), accessed July 12, 2025, https://doi.org/10.5089/9798229015462.002

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Summary

Kiribati faces significant development challenges due to its remoteness, limited landmass, and high exposure to climate-related shocks. The government has expanded social benefits and is pursuing an ambitious long-term development agenda focusing on health, education, financial inclusion, infrastructure and diversification. However, recent growth has been largely driven by public sector expansion. Fiscal and current account balances have deteriorated substantially in recent years, amid lower fishing revenues and increased current expenditures, contributing to the higher import bill and potentially weighing on long-term development.

Subject: Agroindustries, Debt sustainability, Debt sustainability analysis, Economic sectors, Expenditure, External debt, Government debt management, Public debt, Public financial management (PFM), Revenue administration

Keywords: Agroindustries, Debt sustainability, Debt sustainability analysis, Fiscal stance, Government debt management, Infrastructure

Publication Details

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