Nauru and ADB
In the Spotlight
Growth in the Pacific is expected to remain weak in 2018, as economic and political uncertainties, fiscal challenges, and natural disasters hold back some of the region’s larger economies. Growth is projected to decelerate slightly in Tuvalu, says a new ADB report.
ADB's Board of Directors has approved a total of $36.6 million in grants to help fund the delivery of low-cost, high quality internet service in the Federated States of Micronesia, Kiribati, and Nauru.
A $79.59 million project co-financed by ADB, the Governments of Australia and Nauru, and the Green Climate Fund, is set to transform Nauru’s 111-year-old Aiwo boat harbor into an efficient, reliable, and climate-resilient port.
ADB, the European Union, and the governments of Australia and Nauru commissioned two generators which will provide safe, reliable, and efficient electricity supply to the people and businesses of Nauru.
Nauru is the world’s smallest island nation, located significant distances from international markets.
In recent years, the economy has benefited from the presence of a regional processing center for asylum seekers, strong revenues from fishing licenses, and the liquidation of the Nauru Phosphate Royalties Trust. Economic and fiscal sustainability, however, remain key concerns for the government. The country relies on narrow and uncertain sources of revenue, with limited private sector opportunities. Education outcomes are improving but are still poor by international standards, while rates of noncommunicable diseases are among the highest in the world.
ADB and Nauru have been working together to strengthen public financial management, raise the performance of state-owned enterprises, improve service delivery, and address infrastructure needs.
Projects in Nauru
- Sustainable and Climate-Resilient Connectivity Project (formerly Port Development Project)
- Asian Development Outlook 2016-2018 - Asian Development Outlook 2017 (Subproject 2)
- Strengthening Financial Inclusion and Financial Sector Development
- Port Development Project - Project Design Advance
- Port Development Project