Republic of Nauru: 2017 Article IV Consultation- Press Release; Staff Report; and Statement by the Executive Director for the Republic of Nauru

April 3, 2017

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Republic of Nauru: 2017 Article IV Consultation- Press Release; Staff Report; and Statement by the Executive Director for the Republic of Nauru, (USA: International Monetary Fund, 2017) accessed November 21, 2024

Summary

This 2017 Article IV Consultation highlights Nauru’s growth and a substantial improvement in government revenue in recent years thanks to processing of asylum seekers by the Australian Regional Processing Center (RPC), fishing license fees, and residual phosphate mining. In the near term, GDP growth is projected to be moderate at 4 percent in fiscal year 2017 (ending June 30) mainly due to a slowdown in phosphate exports and limited expansion of the RPC. The medium-term outlook is vulnerable to scaling down of the RPC following the expected transfer of refugees to other countries, which will produce a substantial decline in RPC revenue.

Subject: Budget planning and preparation, Climate change, Environment, Expenditure, Extra-budgetary funds, Fiscal policy, Fiscal sustainability, Public debt, Public financial management (PFM)

Keywords: Appreciation to the fund, Authority, Budget planning and preparation, Climate change, Climate strategy, CR, Extra-budgetary funds, Fiscal sustainability, Global, Government debt indicator, ISCR, Nauru, Nauru authorities, Nauruan authorities, Pacific Islands, Phosphate mining, Policy

Publication Details

Pages:

48
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2017/082
Stock No:

1NRUEA2017001
ISBN:

9781475591927
ISSN:

1934-7685

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