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:
Modernize company and business laws;
Draft legislation for the development of an online business registry;
Strengthen the operations and financial sustainability of the Kiribati Provident Fund including development of a comprehensive policy framework;
Undertake analysis in preparation for the establishment of a Commerce Commission; and
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 April 2020 PSDI Country Overview here.
Kiribati at a glance
Modern business laws
Pension fund sustainability
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.
*Kiribati now has a suite of modern, foundational business laws after the Companies Act, Company Insolvency Act, and Business Names Act were passed by the country's Parliament last week. The new laws will make it easier for both existing and new businesses to operate in Kiribati.* PSDI has been working with the Government of Kiribati since 2014 to achieve these reforms. A diagnostic undertaken by PSDI in 2016—early in the process—found...