Nauru and ADB
In the Spotlight
The Government of Australia and ADB have established the Pacific Business Investment Facility, an advisory service for Pacific island businesses requiring commercial finance for growth, diversification, or consolidation of their businesses.
A grant cofinanced by ADB and the European Union will support the delivery of reliable, sustainable electricity to the people of Nauru.
For almost half a century, ADB has been partnering with Pacific developing countries to help them grow and prosper. ADB has scaled up its assistance in the Pacific to more than $2 billion by the end of 2014 from about $500 million in 2004. The vast majority of this support goes into building infrastructure.
The economy of Nauru grew strongly in 2014, boosted by the reopening of Australia’s Regional Processing Centre for asylum seekers, and the liquidation of the Nauru Phosphate Royalties Trust. Despite these increases in revenue, Nauru faces many serious development challenges. The country has almost no private sector, little arable land, limited freshwater supply, and extremely high levels of debt. The government also has limited sources of internal revenue. Education outcomes are improving, but are still poor by international standards, and have contributed to high rates of youth unemployment. Meanwhile, Nauru’s levels of noncommunicable diseases such as diabetes and cancer, are among the highest in the world.
The country operations business plan, 2016-2018 continues the strategic direction of ADB in Nauru in the areas of public sector management, energy, and transport.
Projects in Nauru
0.01(2014) Population in millions
1.8%(2009-2014) Average annual population growth rate