Regions and Countries

	Table of Contents
p. 21 of 21 BACK | NEXT I. Country Performance Assessment II. Country Operational Strategy III. Sector Strategies IV. Regional Cooperation V. Donor Activities and Aid Coordination VI. Cofinancing and Catalyzing External Resources VII. ADB’s Operational Program VIII. Economic and Sector Work Program IX. Local Cost Financing

Country Assistance Plans - Kiribati

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IX. Local Cost Financing

38. In line with ADB's new Graduation Policy, Kiribati remains a Group A country and, as such, continues to be eligible to borrow from ADB's Asian Development Fund (ADF) resources. The percentage of local cost financing, however, will be subject to proper justifications based on country performance in domestic resource mobilization, the balance of payments situation, and the sector of ADB involvement. Despite its status as a least developed country, Kiribati has access nevertheless to significant resources through revenue from its RERF, and should be encouraged to gradually increase its ownership, particularly in revenue generating projects, by increasing its share of local cost funding.

Back VIII. Economic and Sector Work Program	Country Assistance Plans - Kiribati