Asian Development Bank and Nauru: Fact Sheet
ADB supports Nauru to strengthen its public financial management, raise the performance of state-owned enterprises, improve equitable service delivery, and address the country’s considerable infrastructure needs.
ADB has been supporting Nauru since 1991, and has committed a loan of $5 million, grants totaling $20.33 million, and technical assistance projects totaling $6.96 million.
The new port project at Aiwo is the centerpiece of ADB’s program in Nauru. The current facility has proven inadequate for current cargo traffic levels and is costly to manage and maintain. It is also vulnerable to damage from extreme weather events, which can disrupt its normal functioning.
ADB will support Nauru to participate in a tripartite undersea fiber optic internet cable, in cooperation with the governments of the Federated States of Micronesia and Kiribati. ADB will finance Nauru’s participation in this subregional project.
ADB intends to provide a policy-based grant to support ongoing reforms to promote greater fiscal sustainability, strengthen public financial management, and improve service delivery in Nauru.