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Third Economic Reform Development Policy Operation

Abstract*

The development objective of Third Economic Reform Development Policy Operation Project for Kiribati is to (i) strengthen public financial management, through greater transparency in managing fisheries revenue, improved governance of the sovereign wealth fund, and better reporting and monitoring of public debt and contingent liabilities; and (ii) create an environment for inclusive and private sector led growth, through reducing the costs, improving...

* The project abstract is drawn from the PAD, SAR or PGD and may not accurately reflect the project's current nature

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Development Objective

The program has two development objectives corresponding to the two pillars of the proposed operation: (i) to strengthen public financial management, through greater transparency in managing fisheries revenue, improved governance of the RERF, and better reporting and monitoring of public debt and contingent liabilities; and (ii) to create an environment for inclusive and private sector led growth, through reducing the costs, improving the quality, and expanding the coverage of essential public services (electricity, water, sewage, and telecommunications).

Key Details

Project Details

  • P155540

  • Closed

  • Mizuho Kida

  • Republic of Kiribati

  • Kiribati

  • July 27, 2016

  • (as of board presentation)

    September 13, 2016

  • January 13, 2017

  • US$ 2.00 million

  • Ministry for Finance and Economic Development

  • East Asia and Pacific

  • 2017

  • US$ 2.00 million

  • N/A

  • Not Applicable

  • December 31, 2017

  • BANK APPROVED

  • August 20, 2020

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
IDA Grant 2.00

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment N/A
IDA Commitment 2.00
IBRD + IDA Commitment 2.00
Lending Instrument
Grant Amount N/A
Total Project Cost** 2.00

Summary Status of World Bank Financing (US$ Millions) as of June 30, 2025

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No data available.
Financier Approval Date Closing Date Principal Disbursed Repayments Interest, Charges & Fees

Detailed Financial Activity as of June 30, 2025

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No data available.
Period Financier Transaction Type Amount (US$)
Jun 13, 2017 IDA-D1350 Loan Disb 2,074,815.00
Sep 13, 2016 IDA-D1350 Loan Commitment 2,000,000.00

Footnotes

Ratings

IMPLEMENTATION RATINGS

No data available.

COMPLETION RATINGS

INDICATORIMPLEMENTATION COMPLETION & RESULTS REPORT: 12-23-2019
OutcomesModerately Satisfactory
Risk to Development Outcome
Bank PerformanceModerately Satisfactory
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATORICR REVIEW: 05-27-2021PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome RatingModerately Satisfactory N/a
Risk To Development OutcomeN/a
Bank PerformanceModerately SatisfactoryN/a
Borrower PerformanceN/a
Government PerformanceNot RatedN/a
Implementing AgencyN/a
Icr QualityHighN/a
M&e QualityN/a

Results Framework

No data available.