| Financier | Commitments |
|---|---|
| IDA Grant | 5.00 |
Fourth Economic Reform Development Policy Operation
Abstract*
The program development objective of Fourth Economic Reform Development Policy Operation Project for Kiribati is to: (i) strengthen public financial management; and (ii) improve the environment for inclusive growth. These two components correspond to the two pillars of the operation. The first pillar is supported through strengthening the management of public assets and liabilities, and improving public procurement. The second pillar is supported... Show More
Development Objective
The program development objective 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 quality and expanding the coverage of essential public utilities services (electricity, water, sewage and telecommunications).
Key Details
Project Details
P161794
Closed
Virginia Ann Horscroft
Republic of Kiribati
August 10, 2017
(as of board presentation)
November 22, 2017
December 15, 2017
US$ 5.00 million
Ministry of Finance & Economic Development
2018
US$ 5.00 million
N/A
Not Applicable
December 31, 2018
BANK APPROVED
August 20, 2020
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | N/A |
| IDA Commitment | 5.00 |
| IBRD + IDA Commitment | 5.00 |
| Lending Instrument | |
|---|---|
| Grant Amount | N/A |
| Total Project Cost** | 5.00 |
Summary Status of World Bank Financing (US$ Millions) as of June 30, 2025
No data available.
| Period | Financier | Transaction Type | Amount (US$) |
|---|---|---|---|
| Jan 4, 2018 | IDA-D2430 | Loan Disb | 9,681.94 |
| Dec 22, 2017 | IDA-D2430 | Loan Disb | 5,086,944.00 |
| Nov 22, 2017 | IDA-D2430 | Loan Commitment | 5,000,000.00 |
| Jan 17, 2018 | IDA-D2430 | Loan Disb | 48.68 |
Ratings
IMPLEMENTATION RATINGS
No data available.
COMPLETION RATINGS
| INDICATOR | IMPLEMENTATION COMPLETION & RESULTS REPORT: 12-23-2019 |
|---|---|
| Outcomes | Moderately Satisfactory |
| Risk to Development Outcome | |
| Bank Performance | Moderately Satisfactory |
| Borrower Performance | |
| Government Performance | |
| Implementing Agency |
INDEPENDENT EVALUATION RATINGS
| INDICATOR | ICR REVIEW: 05-27-2021 | PROJECT PERFORMANCE ASSESSMENT REPORT: |
|---|---|---|
| Outcome Rating | Moderately Satisfactory | N/a |
| Risk To Development Outcome | N/a | |
| Bank Performance | Moderately Satisfactory | N/a |
| Borrower Performance | N/a | |
| Government Performance | Not Rated | N/a |
| Implementing Agency | N/a | |
| Icr Quality | High | N/a |
| M&e Quality | N/a |
Results Framework
No data available.