Managing Development Risk encourages the small island nation of Kiribati to embark on a sustainable development path. The report illustrates how various development risks contribute to the fragility of a resource-poor and import-dependent economy, and how the Government and people of Kiribati can manage these development challenges.

Since becoming independent in 1979, Kiribati has built a reputation for political stability and fi scal prudence while confi dently pursuing its own path in regional and international relations. Its assurance in external aff airs has refl ected a strong sense of national identity and a distributive approach to domestic wealth

and well-being.