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:
As a single island measuring only 21 square kilometers, Nauru faces the challenge of developing new sources of growth amid significant resource constraints. The Government of Nauru’s income derives mainly from a regional processing center for asylum seekers and revenues from selling fishing licenses.
The coronavirus disease (COVID-19) pandemic and associated trade and travel disruptions have affected Nauru’s supply chains—compounding challenges the country already faced because of its small size, distance from markets, and dependence on imports.
The Asian Development Bank (ADB) has been supporting Nauru since 1991 with focus on improving fiscal sustainability, critical infrastructure, and service delivery.
Since 1991, ADB has 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 for Nauru.
Frigatebirds catching is an important tradition in Nauru passed on by the elders to the next generation.