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p. 68 of 95 BACK | NEXT Message from the Chairman of the Board of Directors Members, Capital Stock and Voting Power The Record Abbreviations 2004 in Review: Board of Directors' Report Special Theme: The Changing Face of the Microfinance Industry: Building Financial Systems for the Poor Part 1: Institutional Effectiveness Part 2: Poverty Reduction Strategic Priorities Thematic Priorities Regional Perspectives East and Central Asia Mekong The Pacific Cook Islands Fiji Islands Kiribati Marshall Islands Micronesia, Federated States of Nauru Palau Papua New Guinea Samoa Solomon Islands Timor-Leste Tonga Tuvalu Vanuatu South Asia Southeast Asia Part 3: Financial Statements: Management's Discussion and Analysis

Annual Report 2004 : Part 2: Poverty Reduction : The Pacific

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Nauru

Strategy and Policy Dialogue.Since joining ADB, Nauru has received one program loan for $5.0 million and five technical assistance grants totaling $1.2 million. Due to the government's noncompliance with tranche conditions, the loan was closed, and the balance was canceled on 2 October 2002. Subsequent governments reversed the reform measures previously agreed making it difficult for ADB to proceed with subsequent releases. A new reform-minded government was elected on 23 October 2004, and ADB has recommenced assistance starting with technical assistance to support national policy formulation and national planning. Nauru has an outstanding loan service payment that prevents further loan assistance.

Loans and Technical Assistance.No loans or technical assistance activities were approved in 2004.

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