Kiribati Second Inclusive Growth and Resilience Development Policy Operation

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The development objective of Second Inclusive and Resilient Growth Development Policy Operation for Kiribati is to (i) strengthen sustainable management of sovereign wealth and improve public financial management; and (ii) support prospects for inclusive growth and more resilient livelihoods under global economic uncertainty and climate change threats. This operation supports structural reforms that Government of Kiribati (GOK )is taking to address its long-term development challenges, while applying the “building back better” lens to ensure that the policy program takes into account the lessons from Coronavirus (COVID-19) and exploits opportunities to improve resilience. The first pillar of the operation focuses on strengthening management of sovereign wealth and improving public financial management. The second pillar of the operation supports the prospects for inclusive growth and more resilient livelihoods under global economic uncertainty and climate change threats.