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Established: 1956
US$ Billion: 0.4
Origin: Phosphates
Entity Structure: Fund
Transparency Rating: 1
Summary:
The economy of Kiribati was heavily dependent on phosphate exports which accounted for 50% of the government’s revenue. Created in 1956, the Revenue Equalization Reserve Fund has been financed by phosphate earnings over the years and acts as a stabilizer fund.
Kiribati Ministry of Finance
1. All figures quoted are from official sources, or, where the institutions concerned do not issue statistics of their holdings, from other publicly available sources.
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