International Development Assistance
The economy of Kiribati benefits from international development assistance programs. The multilateral donors providing development assistance in 2009 were the European Union (A$9 million), the United Nations Development Program (A$3.7 million), and the World Health Organisation (A$100,000)./> The bilateral donors providing development assistance in 2009 were Australia (A$11 million), Japan (A$2 million), New Zealand (A$6.6 million), Taiwan (A$10.6 million), and other donors providing A$16.2 million, including technical assistance grants from the Asian Development Bank.
The major donors in 2010/2011 were Australia (A$15 million), Taiwan (A$11 million); New Zealand (A$6 million), the World Bank (A$4 million), and the Asian Development Bank.
Kiribati joined the Asian Development Bank (AsDB) in 1974. The AsDB has provided US$27.14 million over seven project loans to Kiribati from Asian Development Fund (ADF). The AsDB has also provided technical assistance funding of US$13.9 million for 41 projects.
Australia continues as the largest donor to Kiribati and has committed to provide A$28.2 million in development assistance in 2011-12. The Australia-Kiribati Partnership for Development (signed in January 2009), provides to Australian aid to focus on improving basic education standards, developing workforce skills, and strengthening economic governance. The development assistance from Australia is allocated to: AusAID country program A$18.3 million (2011–12 est.); Regional assistance estimate A$9.9 million (2011–12 est.)
New Zealand has committed to provide NZ$14.3 million in development assistance in 2011-12, which is allocated primarily through the NZAID bilateral programme to projects related to economic development, education and developing workforce skills, and addressing vulnerabilities in Kiribati.
Kiribati became a member of the World Bank in 1986. On 1 March 2011, the World Bank announced a Country Assistance Strategy (CAS) for Kiribati, which is structured around the themes of: (i) addressing the existential threat posed by climate change; and, (ii) mitigating the effects of geographic isolation. The CAS is intended to be implemented through grants and trust fund investments of up to US$50 million during the period 2011 to 2014.
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