Kiribati and ADB

In the Spotlight

Overview

While the Republic of Kiribati has sustained several consecutive years of positive economic growth, driven by donor projects and increased activity in the private sector, the country faces many challenges typical of small island economies. Geographic isolation, limited human and financial resources, a narrow economic base, and underdeveloped markets all contribute to the country’s vulnerability to external economic shocks. The Government of Kiribati relies heavily on income earned from external sources, including its trust fund, to finance high budget deficits. Maintaining fiscal sustainability is the government’s key priority, and close collaboration with development partners is essential to achieving stable growth.

With the broad objective of the Kiribati Development Plan, 2012-2015 focusing on generating economic growth for sustainable development, the ADB program in Kiribati aims to reduce poverty and promote economic opportunity. These goals can be achieved by improving public financial management and delivering sustainable infrastructure services.


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Projects in Kiribati


Funding Information


Fast Facts

0.11(2014) Population in millions

2.2%(2009-2014) Average annual population growth rate

21.8%* Population living below the national poverty line (*Preliminary/interim figure; or refers to period before 2009.)

Download 2015 Basic Statistics