The Asian Development Bank has approved a $10 million policy-based grant to support Kiribati in strengthening public sector management, expanding women’s financial inclusion, and improving environmental protection. The grant forms part of the Sustainable and Inclusive Economic Recovery Program, which continues earlier reforms aimed at building a more resilient and inclusive economy.
ADB highlighted that these reforms will help stimulate a stronger private sector capable of creating jobs and driving economic growth, while increasing women’s participation in the workforce to boost overall progress.
Under this second subprogram, Kiribati advanced several key reforms, including modernizing public financial management, broadening the tax base, improving oversight of state-owned enterprises, and updating the digital economy’s legal framework. The government also strengthened budget transparency and introduced the SafeNet database to record cases of gender-based violence. This system will support more targeted interventions and training initiatives that enhance financial inclusion and livelihood opportunities for women survivors.
A major component of the program is the introduction of a fisheries and ocean resource management policy designed to help Kiribati conserve and sustainably manage its extensive marine resources. This reflects the country’s commitment to protecting its ecosystems while pursuing long-term economic resilience.
The $10 million grant is financed through ADB’s Asian Development Fund, with additional cofinancing from the European Union, Australia, New Zealand, and the World Bank. The Fund supports the poorest and most vulnerable countries in Asia and the Pacific, contributing to poverty reduction and job creation across the region.
Policy-based grants like this one are provided to countries experiencing financing gaps in their annual development budgets. Instead of funding specific projects, the funds are allocated directly to the national budget once agreed policy actions are completed.
ADB continues to play a central role in promoting sustainable, inclusive growth across Asia and the Pacific. Since its founding in 1966, the bank has partnered with its 69 member countries to address development challenges, improve infrastructure, and support environmental and economic resilience.
