Kiribati
In Kiribati, PSDI is supporting reforms to improve the business and consumer environment and expand private sector opportunities.
PSDI is working with the Government of Kiribati to:
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Modernize company and business laws;
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Draft legislation for the development of an online business registry;
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Strengthen the operations and financial sustainability of the Kiribati Provident Fund including development of a comprehensive policy framework;
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Undertake analysis in preparation for the establishment of a Commerce Commission; and
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Support the improved performance of state-owned enterprises through analysis and review.
Resources and Spending
Of the $285,144 PSDI has spent in Kiribati in total, $116,055 was deployed in the 2018/2019 financial year (FY). This expenditure has mainly funded the development of three news bills— the Companies Bill, the Companies Insolvency Bill, and the Business Names Bill.
On this website, $ refers to US dollars unless otherwise stated.
For detailed information on PSDI activities in Kiribati, download the 2022 PSDI Country Overview here.
Kiribati at a glance
Modern business laws
SOE benchmarking
Pension fund sustainability
Latest News
Competition agencies, whether they are independent commissions or departmental offices, are crucial for making sure competition laws are followed and effective. PSDI provides training and leadership programs to strengthen these institutions in Kiribati, Papua New Guinea, and Solomon Islands.
PSDI’s tourism team was in Kiribati in March 2024 to support the Tourism Authority of Kiribati with a first round of consultations to support a tourism target market analysis and the development of a new tourism destination brand strategy for the country.
The Tourism Authority of Kiribati (TAK) on 13 January 2024 launched the destination's first ever Sustainable Tourism Policy, alongside it’s 2024-2026 Strategic Plan, developed with PSDI support.
PSDI is working to strengthen Pacific retirement funds by engaging in regional policy dialogue and advocacy, reforming legislative, and supporting women’s equal access to retirement benefits.
PSDI is supporting MCIC to strengthen the capacity of its Consumer Protection Division in line with the Government of Kiribati's 20-year vision to become a wealthier, healthier, and more peaceful country.
Kiribati now has a suite of modern foundational business laws after the Companies Act, Company Insolvency Act, and Business Names Act were passed by Parliament last week. The new laws will make it easier for both existing and new businesses to operate in Kiribati.