Nauru and ADB
In the Spotlight
ADB in partnership with the Pacific Financial Technical Assistance Centre (PFTAC) is helping Pacific governments better manage their public financial systems. Some of the key activities to be funded by the ADB assistance include establishing broader-based and more efficient revenue systems.
The growth outlook for Nauru depends on the phosphate industry and activities supporting the Regional Processing Centre. Phosphate exports rose to 160,000 tons in Fiscal Year 2016 (ended 30 June 2016), up by 56.8% year on year, but remain deeply depressed because of damage to the moorings at Nauru’s seaport, its primary gateway for international cargo. Read more from Asian Development Outlook 2016 Update
ADB has scaled up its assistance to Pacific countries from about $500 million in 2004 to more than $2 billion by the end of 2015, supporting the construction of infrastructure such as transport, energy, water and sanitation, and information and communication technology.
Deep sea fishing produces jobs, foreign exchange and government revenue for Pacific island nations.
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
Average annual population growth rate in Nauru (2010-2015)
Population in Nauru, in millions (2015)
Total fertility rate in Nauru, births per woman (2015)
Internet users in Nauru, per 100 population (2011)