30 JULY 2015
On July 24, 2015, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation1 with Kiribati, and considered and endorsed the staff appraisal without a meeting.
Recent economic performance has been strong. Donor-financed large infrastructure projects and a pick-up in credit to households have boosted real GDP growth to close to 4 percent in 2014 and to about 3 percent in 2015. Inflation remains low, underpinned by lower food and commodity prices. The current account turned into a strong surplus in 2013–14 on account of the high fishing license fees.
Source: EIN News Desk