News Feeds
15 Sep 2023
IMF Executive Board Concludes 2023 Article IV Consultation with Kiribati
The economy continued to expand after the removal of all COVID 19 restrictions in the second half of 2022. Due to supportive fiscal policies, the economy recovered strongly in 2021, with real GDP growing 7.9 percent from a contraction of 1.4 percent in 2020. However, a domestic outbreak of COVID 19 and the subsequent restrictions imposed during the first half of 2022 limited mobility and further delayed large infrastructure projects.
