ADB's Work in Kiribati
Shareholding and Voting Power
Number of shares held:
426 (0.004% of total shares)
39,540 (0.297% of total membership, 0.457% of total regional membership)
Overall capital subscription:
Paid-in capital subscription:
Kiribati consists of 33 islands spread over 3.5 million square kilometers of ocean. Its economy has enjoyed sustained growth—averaging annual gross domestic product growth of 4.1% from 2015 to 2019—bolstered by public spending on infrastructure and government revenue from fishing licenses. Although Kiribati is physically vulnerable to external shocks (including pandemics and climate change), its sustained fishing revenues and low reliance on international tourism have helped insulate it from the economic impacts of the coronavirus disease (COVID-19) pandemic.
Aerial view of Kiribati.
ADB has been supporting Kiribati to build fiscal stability and upgrade infrastructure since 1974. Core areas of ongoing support include helping to reduce poverty, improve the business climate and create economic opportunities, enhance disaster resilience and fiscal sustainability; and upgrade infrastructure, including sanitation, water supply, transport, and renewable energy assets.
Since 1974, ADB has committed loans amounting to $34.1 million, grants totaling $90.8 million, technical assistance worth $18.5 million, and ADB-administered cofinancing of $56 million for Kiribati.