1. What We Do

Kiribati Fifth Economic Reform Development Policy Operation

Abstract*

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...

* 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 development objective 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.

Key Details

Project Details

  • P167263

  • Closed

  • Virginia Ann Horscroft , Anna Elizabeth Robinson

  • Republic of Kiribati

  • Kiribati

  • June 19, 2018

  • (as of board presentation)

    November 29, 2018

  • December 11, 2018

  • US$ 0.00 million

  • Ministry for Finance and Economic Development

  • East Asia and Pacific

  • 2019

  • US$ 5.00 million

  • N/A

  • Not Applicable

  • September 30, 2020

  • BANK APPROVED

  • February 26, 2023

  • Notes

Sectors

Created with Highstock 5.0.14FY17 - FisheriesFY17 - Central Government(Central Agencies)FY17 - Central Government (Central Agencies)FY17 - Early ChildhoodEducationFY17 - Early Childhood EducationFY17 - SanitationFY17 - Water Supply

Themes

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
IDA Grant 5.00

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** N/A

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

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No data available.
Period Financier Transaction Type Amount (US$)
Dec 18, 2018 IDA-D3880 Loan Disb 4,972,572.00
Oct 9, 2020 IDA-D3880 Loan Cancel 53.98
Apr 15, 2019 IDA-D3880 Loan Disb -16,606.79
Apr 2, 2019 IDA-D3880 Loan Disb 16,417.90
Oct 9, 2020 IDA-D3880 Loan Disb 16,840.52
Nov 29, 2018 IDA-D3880 Loan Commitment 5,000,000.00
Footnotes

Ratings

IMPLEMENTATION RATINGS

No data available.

COMPLETION RATINGS

INDICATORIMPLEMENTATION COMPLETION & RESULTS REPORT: 02-12-2023
OutcomesModerately Satisfactory
Risk to Development Outcome
Bank PerformanceModerately Satisfactory
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATORICR REVIEW: 06-05-2023PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome RatingModerately Unsatisfactory N/a
Risk To Development OutcomeN/a
Bank PerformanceModerately SatisfactoryN/a
Borrower PerformanceN/a
Government PerformanceN/a
Implementing AgencyN/a
Icr QualityHighN/a
M&e QualityN/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATORBASELINECURRENTTARGET

INTERMEDIATE RESULTS INDICATORS

INDICATORBASELINECURRENTTARGET
  • Any RERF withdrawals conform to the published withdrawal ruleValueNo withdrawals and no withdrawal policy in placeAchieved as the withdrawal policy was approved by Any withdrawals fully conform with the published r
    DateDecember 31, 2017December 31, 2022December 31, 2021
    Comment
  • The average rate of return on cash reserves is increasedValue71 basis points below the Reserve Bank of AustraliAchieved from 2018-2022.Less than 15 basis points below the OCR.
    DateJune 30, 2018December 31, 2022December 31, 2022
    Comment
  • Transparency is increased through the online publication of all medium- and high-value contract award noticesValueNo online publication of contract awardsNot achieved. Contract award notices are not publiMedium- and high-value contract award notices publ
    DateDecember 31, 2019December 31, 2022December 31, 2022
    Comment
  • Strategic planning is strengthened, as measured by an increase in the share of Procuring Entities (PEs) submitting annual procurement plans to the CPU.Value21 of 39 PEs (54 percent) submitted annual procureNot achieved. 12 out of 44 PEs (27%) had submitted
    Date
    Comment
  • A list of all fishing license conditions for each gear type (including IUU fishing countermeasures) is published not less than every six months, to promote transparency in accordance with the ActValueNo published license conditionsNot achieved as fishing license conditions not pubAll license conditions published every 6 months.
    DateDecember 31, 2017December 31, 2022December 31, 2022
    Comment
  • More coastal fisheries have effective management plans in place to prevent overfishing and strengthen climate adaptation, as measured by the number of Community-Based Mgmt Plans approved and in forceValue0.0060.0025.00
    DateAugust 31, 2019December 31, 2022December 31, 2022
    Comment
  • The number of households in South Tarawa with climate-resilient access to piped water 24/7 increasesValue0.00480.00480.00
    DateDecember 31, 2017December 31, 2022December 31, 2022
    Comment
  • Debt transparency is promoted with the annual publication of timely and comprehensive debt reports.ValueThe most recent published debt report is 22 monthsAchieved by including debt reports in the annual RDebt reporting is published online by December of
    DateSeptember 30, 2020December 31, 2022December 31, 2022
    Comment
  • The affordability of piped water for poor households increases, as measured by the affordable level of consumption for the poorest quintile (in liters per capita per day).Value0.0015.000.00
    Date
    Comment
  • Preschool quality is improved, as measured by the share of preschools meeting the ECCE registration requirementsValue19.0089.0075.00
    DateAugust 31, 2019December 31, 2022December 31, 2022
    Comment
  • Preschool participation increases, thereby reducing women’s childcare burden and narrowing the gender gap in labor force participation over time (share of eligible children attending preschool)Value76.0095.0080.00
    DateDecember 31, 2015December 31, 2022December 31, 2020
    Comment