ADB has been supporting Nauru since 1991, having committed a loan of $5 million, grants of $75.3 million, technical assistance worth $6.4 million, and ADB-administered cofinancing of $54.7 million. Cumulative loan and grant disbursements to Nauru amount to $27.8 million.
Number of shares held:
426 (0.004% of total shares)
39,540 (0.297% of total membership, 0.457% of total regional membership)
Overall capital subscription:
Paid-in capital subscription:
ADB will help strengthen Pacific power utilities’ regulation to support clean energy technologies and decarbonize Pacific economies through a $600,000 technical assistance project.
Australia is a founding member of ADB, which was established in 1966. For more than five decades, ADB and Australia have been partners in providing assistance to the bank’s members through cofinanced programs and projects.
The Asian Development Bank and the Government of Nauru today signed a $5 million grant to help fund the preparation of an ADB-supported project for boosting urban services in Nauru.
The risk of “de-risking” – the process of international banks disassociating from financial partners, such as small remittance providers and local banks – is that it could push people out of the financial system completely.