## 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_

## Source details

**Canonical URL:** [Republic of Nauru: 2017 Article IV Consultation- Press Release; Staff Report; and Statement by the Executive Director for the Republic of Nauru](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)

## Other formats

- [Markdown version](/en/publications/cr/issues/2017/04/03/republic-of-nauru-2017-article-iv-consultation-press-release-staff-report-and-statement-by-44794/index.md)
- [Structured JSON version](/en/publications/cr/issues/2017/04/03/republic-of-nauru-2017-article-iv-consultation-press-release-staff-report-and-statement-by-44794/index.json)
- [Bundle manifest](/en/publications/cr/issues/2017/04/03/republic-of-nauru-2017-article-iv-consultation-press-release-staff-report-and-statement-by-44794/bundle-manifest.json)

## Bibliographic details
- Published: April 3, 2017
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475591927.002

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### 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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## Content in this bundle

- **Country Report**
  - [Country Report (Markdown version)](/-/media/files/publications/cr/2017/cr1782.pdf.md){rel="alternate" type="text/markdown"}
  - [Country Report (PDF)](/-/media/files/publications/cr/2017/cr1782.pdf){rel="external" type="application/pdf"}

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_Source: 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_