Pacific Finance Sector Briefs: Nauru
Asian Development Bank | October 2019
Abstract
Nauru is among the Asian Development Bank’s smallest developing member countries and one of the most remote islands in the world. The country has little potential for agriculture and is heavily dependent on imports for basic necessities. While Nauru possesses two significant natural resources—phosphate deposits and the oceanic resources of its exclusive economic zone—opportunities for diversification are limited. Opportunities for the country to exploit its oceanic resources beyond foreign fishing licenses have been constrained by inadequate port facilities. In addition, Nauru’s primary phosphate deposits are almost exhausted and below surface mining will require significant investment. The public sector dominates the economy and employment. Nauru’s institutions are thinly resourced and relatively weak in capacity, with a high dependence on foreign advisors.
Citation
Asian Development Bank. 2019. Pacific Finance Sector Briefs: Nauru. © Asian Development Bank. http://hdl.handle.net/11540/11265. License: CC BY 3.0 IGO.Keywords
Tourism Development
Economic Crisis
Economic Efficiency
Economic Policies
Financial Stability
Financial Management System
Financial Restructuring
Capital Market Development
Market Development
Economics
Erosion
International Economics
Macroeconomic
Macroeconomic Analysis
Performance Evaluation
Impact Evaluation
Foreign and Domestic Financing
Foreign Direct Investment
Tourism policy
Economies in transition
Economic agreements
Social condition
Economic dependence
Economic assistance
Crisis
Taxation
Public Accounting
National Budget
Municipal Bonds
Local Government
Local Taxes
International Monetary Relations
International Financial Market
Multilateral Financial Institutions
Economic Recession
Market
Crisis
Economic indicators
Growth models
Gross domestic product
Macroeconomics
Economic forecast
Business Financing
Investment Requirements
Corruption
Money laundering
Digital currency
Financial crisis
Labor economics
Regional economics
Business recessions
Multilateral development banks
Regulatory reform
Capital
Exports
Economic development projects
Economic policy
Economic forecasting
Investment Requirements
Banks
International banks and banking
Capital movements
Central banks and banking
Bills of exchange
Swaps
Banks and banking
Financial crisis
Credit control
Credit allocation
Capital market
International liquidity
Liquidity
Exchange rate
Use tax
Taxing power
State of taxation
Tax-sales
Tax revenue estimating
Tax planning
Spendings tax
Special assessments
Tax administration and procedure
Sales tax
Real property and taxation
Progressive taxation
Effect of taxation on land use
Effect of taxation on labor supply
Intergovernmental tax relations
Inheritance and transfer tax
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