{
  "title": "Republic of Nauru: 2017 Article IV Consultation- Press Release; Staff Report; and Statement by the Executive Director for the Republic of Nauru",
  "publication": "IMF Staff Country Reports, April 3, 2017",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2017/04/03/republic-of-nauru-2017-article-iv-consultation-press-release-staff-report-and-statement-by-44794",
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  "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.",
  "publishDate": "2017-04-03",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Summary findings",
      "content": "- Recent years show growth and a substantial improvement in government revenue driven by:\n  - processing of asylum seekers by the Australian Regional Processing Center (RPC)\n  - fishing license fees\n  - residual phosphate mining\n- Near-term GDP growth is projected to be moderate at 4 percent in fiscal year 2017 (ending June 30), mainly due to:\n  - a slowdown in phosphate exports\n  - limited expansion of the RPC"
    },
    {
      "heading": "Near-term outlook",
      "content": "- Projection:\n  - GDP growth of 4 percent in fiscal year 2017 (ending June 30)"
    },
    {
      "heading": "Medium-term risks and vulnerabilities",
      "content": "- 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."
    },
    {
      "heading": "Fiscal and policy-relevant topics covered",
      "content": "- Budget planning and preparation\n- Climate change\n- Environment\n- Expenditure\n- Extra-budgetary funds\n- Fiscal policy\n- Fiscal sustainability\n- Public debt\n- Public financial management (PFM)"
    },
    {
      "heading": "Keywords and thematic tags (as listed)",
      "content": "- appreciation to the fund\n- authority\n- Budget planning and preparation\n- Climate change\n- climate strategy\n- CR\n- Extra-budgetary funds\n- Fiscal sustainability\n- Global\n- government debt indicator\n- ISCR\n- Nauru\n- Nauru authorities\n- Nauruan authorities\n- Pacific Islands\n- phosphate mining\n- policy\n\n---\n\n Content in this bundle\n\n- Country Report\n  - Country Report (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Country Report (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2017/04/03/republic-of-nauru-2017-article-iv-consultation-press-release-staff-report-and-statement-by-44794"
    }
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    "Published: April 3, 2017",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781475591927.002",
    "Recent years show growth and a substantial improvement in government revenue driven by:",
    "Near-term GDP growth is projected to be moderate at 4 percent in fiscal year 2017 (ending June 30), mainly due to:",
    "Projection:",
    "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.",
    "Budget planning and preparation",
    "Climate change",
    "Environment",
    "Expenditure",
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    "Fiscal policy",
    "Fiscal sustainability",
    "Public debt",
    "Public financial management (PFM)",
    "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",
    "**Country Report**"
  ],
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