Asian Development Bank and Nauru: Fact Sheet

Abstract

Updated yearly, this ADB Fact Sheet provides social and economic indicators on Myanmar as well as concise information on ADB's operations in the country and contact information. Nauru’s economy, which depends heavily on foreign development grants, phosphate exports, and fishing revenues, remains fragile. Nauru benefited from the Australian Offshore Processing Center for asylum seekers through significant employment and related spending. The Government of Australia closed the center in March 2008, leading to job losses and reduced income for the government-owned Menen Hotel. Other than through employment in the public service or state-owned enterprises (SOEs), there are very few opportunities for generating income. A continuing challenge for the government is to promote nongovernment employment opportunities.