Republic of Nauru

Republic of Nauru

ISBN: 1475591993

ISBN 13: 9781475591996

Publication Date: April 03, 2017

Publisher: International Monetary Fund

Format: ebook

Author: International Monetary Fund Asia Dept

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This is the first Article IV Consultation since Nauru became the 189th Fund member in April 2016. Nauru's growth and government revenue have improved substantially in recent years owing to the Australian Regional Processing Center (RPC) to process asylum seekers, fishing license fees, and residual phosphate mining. However, Nauru faces daunting challenges in sustaining growth and ensuring fiscal sustainability due to its limited sources of growth and income. The country is also vulnerable to climate change, its antiquated infrastructure hampers trade and growth, and its health indicators are below those of peers due to high incidence of non-communicable diseases.

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