Kiribati Fifth Economic Reform Development Policy Operation

  • F Funding Initiative/Portfolio

I Inactive

Key Information

The development objective of the Fifth Economic Reform Development Policy Operation for Kiribati is to: (i) improve public financial management with respect to financial and physical assets; and (ii) support the prospects for inclusive growth by strengthening fisheries sector management and improving access to basic services. The first pillar, on public financial management, includes actions to strengthen the management of Kiribati’s sovereign wealth fund, improve cash management, and address weaknesses in the public investment cycle, including procurement and asset maintenance. This pillar consolidates and complements measures supported in previous series on the sovereign wealth fund, debt policy and management, and state-owned enterprise governance. Over time and in conjunction with other measures, these actions should contribute to improvements in the quality of public spending. The second pillar, on inclusive growth, includes actions to strengthen governance of fisheries, one of the few sectors with significant potential to drive growth and employment creation in Kiribati. This pillar also includes actions to expand access to safe drinking water and establish a legislative framework for early childhood care and education – basic services that are crucial building blocks for a healthy and educated workforce. This pillar complements measures supported in previous series on fisheries revenue, improving access to electricity for the poor, and telecom sector liberalization and service expansion in the outer islands. As part of the ongoing policy dialogue with the Bank and other budget support donors, the Government of Kiribati (GoK) has published its 2019 Fiscal Strategy (the first time a fiscal strategy has been made public), and the Strategy includes a commitment to no further step changes to salaries in the 2019 budget, and not until the impacts of the 2018 decision


Lead Implementing Government(s)

Kiribati

Location(s)

East Asia & Pacific

Kiribati

Government Affiliation

Government-affiliated program

Years

2018 - 2020

Partner(s)

Not applicable or unknown

Ministry Affiliation

Kiribati Ministry for Finance and Economic Development

Funder(s)

COVID-19 Response

Unknown

Geographic Scope

National

Areas of Work Back to Top

Education areas

Other

  • Early childhood development

Cross-cutting areas

  • Economic/livelihoods (including savings/financial inclusion, etc.)
  • WASH (water, sanitation and hygiene)

Program participants

Target Audience(s)

Boys (both in school and out of school), Girls (both in school and out of school), Youth

Age

Not applicable or unknown

School Enrolment Status

Some in school

School Level

Not applicable or unknown

Other populations reached

  • Community leaders
  • Policymakers

Participants include

Not applicable or unknown

Program Approaches Back to Top

Policy/legal environment

  • System-wide review and reform

Program Goals Back to Top

Education goals

Not applicable or unknown

Cross-cutting goals

  • Improved health - other