13 Aug 2012

ADB looks to strengthen Nauru financial management

7:34 am on 13 August 2012

The Asian Development Bank is helping Nauru improve social service delivery by strengthening public financial management.

The Bank has given the four million US dollars to the Nauru Public Financial Management Reform Program.

The ADB says Nauru faces many development challenges with almost no private sector, no banking services, little arable land, limited fresh water, and high level levels of debt.

The Bank says the island's education services remain poor and have contributed to high rates of youth unemployment, while it has some of the highest rates of non-communicable diseases in the world.