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
- Enhancing ADB’s Support for Social Protection to Achieve the Sustainable Development Goals
- Improving Internet Connectivity for Micronesia Project (formerly Improving Internet Connectivity for FSM, Kiribati, and Nauru)
- Capacity Building and Sector Reform for Renewable Energy Investments in the Pacific
- Key Indicators for Asia and the Pacific 2018-2020 – Key Indicators for Asia and the Pacific 2019 (Subproject 2)
- Asian Development Outlook 2016-2018 - Asian Development Outlook 2018 (Subproject 3)