ADB's Work in Nauru
Shareholding and Voting Power
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:
Nauru is one of the world’s smallest island nations. Its remote location and small domestic market raise the cost of doing business and leave its institutions thinly resourced. The Government of Nauru’s income derives largely from the presence of a regional processing center for asylum seekers and revenues from selling fishing licenses.
ADB has been supporting Nauru since 1991, and cooperation has most recently focused on shoring up the country’s economic and fiscal sustainability, which remain key concerns for the government given its reliance on narrow and uncertain sources of revenue, with limited private sector opportunities.
Frigatebirds catching is an important tradition in Nauru passed on by the elders to the next generation.