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C. Country Chapter : Kiribati

By The World Bank

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Book Id: WPLBN0000074105
Format Type: PDF eBook
File Size: 0.1 MB
Reproduction Date: 2005

Title: C. Country Chapter : Kiribati  
Author: The World Bank
Language: English
Subject: Economics, Finance & business, World Bank.
Collections: Economics Publications Collection
Publication Date:
Publisher: The World Bank


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Bank, T. W. (n.d.). C. Country Chapter : Kiribati. Retrieved from


100. The Republic of Kiribati is one of the most isolated countries in the world, consisting of 33 low- lying atolls spread across 3.5 million sq km of ocean. The population is concentrated on the Gilbert Islands, which include Tarawa, the capital island (a natural disaster on Tarawa would affect the entire economy as a third of the population resides there). Kiribati receives moderate levels of external assistance (aid per capita averaging US$197 over 1999-2002). 101. The GNI16 per capita declined from US$1,040 in 1999 to US$970 in 2004, reflecting the contraction in GNI in 2002-04 (see Figure 7) due to a decline in fishing license revenues. 102. The fiscal position is largely determined by flows of external grants and fishing license revenues, as well as the use of the Revenue Equalization Reserve Fund (RERF) to finance government expenditure. The RERF, established in 1956, is well diversified with investments in various currencies...


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