Kiribati and ADB
In the Spotlight
Growth in the Pacific is expected to remain weak in 2018, as economic and political uncertainties, fiscal challenges, and natural disasters hold back some of the region’s larger economies. Kiribati's growth is projected to decelerate slightly, says a new ADB report.
ADB's Board of Directors has approved a total of $36.6 million in grants to help fund the delivery of low-cost, high quality internet service in the Federated States of Micronesia, Kiribati, and Nauru.
Countries in the Pacific should step up their efforts to adapt to more extreme weather conditions and mitigate disaster risks to improve the region’s economic growth prospects, according to ADB's latest Pacific Economic Monitor.
Kiribati is one of the most remote and geographically dispersed nations on the planet. It is extremely vulnerable to external shocks due to its vulnerability to climate change, dependence on imports, and reliance on income from overseas sources. Development of the country’s private sector has been constrained by high costs of doing business, the size and scale of the economy, and the country’s widely dispersed population. With a large public sector, maintaining fiscal sustainability is the government’s key priority.
The ADB program in Kiribati supports the government’s efforts to improve both fiscal stability and management and the business climate.
Projects in Kiribati
- South Tarawa Sanitation Improvement Sector Project-Additional Financing
- South Tarawa Water Supply Project
- Asian Development Outlook 2016-2018 - Asian Development Outlook 2017 (Subproject 2)
- Road Rehabilitation Project - Additional Financing
- Asian Development Outlook 2016-2018 - Asian Development Outlook 2016 (Subproject 1)