European Parliament Library

Kiribati :, 2009 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Kiribati

This 2009 Article IV Consultation highlights that inflation in Kiribati increased to about 19 percent by end-2008, largely reflecting higher food prices. The current account deficit was broadly unchanged in 2008. Structural reforms are under way, although the pace has been limited by capacity constraints. Executive Directors have welcomed the recent improvement in economic activity. They have also welcomed the planned review and reform of public enterprises as critical to promoting private sector development, and to boosting the growth potential
Table Of 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
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (46 p.)
Specific Material Designation
Form Of Item

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