Nauru and ADB
In the Spotlight
乐动体育注册ADB will invest over $1 billion worth of energy projects in the Pacific from 2019 to 2021 to increase renewable energy generation and improve access to affordable and sustainable electricity in the subregion.
Pacific Energy Update 2019 details how ADB is helping its Pacific developing member countries undertake a structural shift away from fossil fuel-based energy sources and towards renewables. Read more
乐动体育注册The 2019 growth forecast for the Pacific subregion has been raised from 3.5% to 4.2%, driven mainly by higher liquefied natural gas production in Papua New Guinea and increased construction expenditure in Samoa and Solomon Islands, as well as lower-than-projected economic decline in Nauru.
However, project delays in Papua New Guinea, tepid growth in some economies, and slower recovery in others will likely moderate subregional growth to 2.6% in 2020. Read more in the latest Pacific Economic Monitor
ADB's Board of Directors has approved a total of $36.6 million in grants to help fund the delivery of low-cost, high quality internet service in the Federated States of Micronesia, Kiribati, and Nauru.
A $79.59 million project co-financed by ADB, the Governments of Australia and Nauru, and the Green Climate Fund, is set to transform Nauru’s 111-year-old Aiwo boat harbor into an efficient, reliable, and climate-resilient port.
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
- Pacific Private Sector Development Initiative, Phase IV
- Pacific Region Infrastructure Facility Coordination Office-Leveraging Infrastructure for Sustainable Development
- Solar Power Development Project
- Preparing the Pacific Renewable Energy Investment Facility (Phase 2)
- Improving Pacific Public Financial Management Facility