Kiribati: Recent Economic Developments

International Monetary Fund

No 1995/117, IMF Staff Country Reports from International Monetary Fund

Abstract: This report describes recent economic developments in Kiribati. Developments over the decade through 1992 were characterized by a fall in real per capita income, as economic development was constrained by a shortage of skilled manpower, weak infrastructure, and remoteness from major international markets. However, inflation was held broadly in line with price increases in major trading partners. The overall external balance was in large surplus, as substantial trade deficits in part reflecting small export earnings were more than offset by service account surpluses and external grant receipts.

Keywords: ISCR; CR; Kiribati; price; company; Kiribati authorities; export; rate; RERF interest; production base; support price; telecom Kiribati; government corporation; price stabilization scheme; interest stabilization reserve; shipping corporation; equity price; Agroindustries; Exports; Budget planning and preparation; Income; Foreign direct investment; Europe; Global (search for similar items in EconPapers)
Pages: 48
Date: 1995-12-19
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