30 Mar 2018

New initiative to boost economic growth in Kiribati

2:28 pm on 30 March 2018

The Government of Kiribati has signed an agreement with the UN Development Programme on an initiative aimed at fostering improved income generation for the coconut sector.

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Photo: 123rf

The 'Enhancing Inclusive Sustainable Economic Development through Coconut Sector Development' project is being funded by India, Brazil and South Africa with the support of UNDP Pacific in Fiji.

The Kiribati Ministry of Commerce, Industries and Cooperative secretary, Toani Takirua said a key priority in their National Development Plan is to enhance economic growth and reduce poverty.

The UNDP's Bakhodir Burkhanov said they will also tap into the experiences of other countries to help smallholder Kiribati farmers and industry stakeholders.