Kiribati : 2011 Article IV consultation : staff report, informational annexes, debt sustainability analysis, public information notice on the Executive Board discussion, and statement by the Executive Director for Kiribati /

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Bibliographic Details
Imprint:Washington, D.C. : International Monetary Fund, ©2011.
Description:1 online resource (67 pages)
Language:English
Series:IMF country report ; no. 11/113
IMF country report ; no. 11/113.
Subject:
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/12499359
Hidden Bibliographic Details
Varying Form of Title:Kiribati, 2011 Article IV consultation
Other authors / contributors:International Monetary Fund. Asia and Pacific Department.
ISBN:9781462315307
1462315305
9781455287635
1455287636
Notes:Online resource; title from PDF title page (IMF Web site, viewed August 24, 2011).
Summary:The staff report highlights that the economy of Kiribati showed resilience from the global crisis owing to infrastructure projects financed by foreign assistance. Executive Directors stressed the importance of preserving real per capita value of the Revenue Equalization Reserve Fund to ensure fiscal sustainability and intergenerational fairness. They appreciated the multiyear budget framework, which helped in designing realistic fiscal plans. Directors noted the joint IMF-World Bank debt sustainability analysis and encouraged authorities to secure grant financing to support the country's dev.