01693cas a2200241 a 4500 AALejournalIMF003648 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451861730 1018-5941 BD-DhAAL BD-DhAAL Purfield, Catriona. Managing Revenue Volatility in a Small Island Economy : The Case of Kiribati / Catriona Purfield. Washington, D.C. : International Monetary Fund, 2005. 1 online resource (23 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The formulation of fiscal policy in Kiribati faces unusual challenges. Kiribati's revenue base is among the most volatile in the world, and it possesses sizeable financial assets. Drawing on lessons from some other countries who experience high volatility in their revenues, this paper proposes a fiscal policy rule for Kiribati which is nested within a medium-term macroeconomic framework that aims to ensure the sustainable use of Kiribati's financial assets while managing the impact of extreme revenue volatility. It also discusses improvements in the institutional fiscal policy framework that could support such a framework. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2005/154 Full text available on IMF http://elibrary.imf.org/view/journals/001/2005/154/001.2005.issue-154-en.xml IMF e-Library