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

IMF Staff Country Reports, 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

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Bibliographic details

• Published: April 3, 2017
• Series: IMF Staff Country Reports
• DOI: https://doi.org/10.5089/9781475591927.002

Summary findings

• Recent years show growth and a substantial improvement in government revenue driven by:
  • processing of asylum seekers by the Australian Regional Processing Center (RPC)
  • fishing license fees
  • residual phosphate mining
• 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
  • limited expansion of the RPC

Near-term outlook

• Projection:
  • GDP growth of 4 percent in fiscal year 2017 (ending June 30)

Medium-term risks and vulnerabilities

• 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.

Fiscal and policy-relevant topics covered

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

Keywords and thematic tags (as listed)

• 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

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• Country Report
  • Country Report (Markdown version)
  • Country Report (PDF)