- News Feature : Commonwealth Foundation appoints Anne Gallagher as Director-General [23/04/2019 - United Kingdom]
- Business News : Agri-Labour Australia to repay $50,000 to 19 Vanuatu seasonal workers [23/04/2019 - Australia]
- Business News : Central Bank of Solomon Islands takes measures to lower risk to financial system [23/04/2019 - Solomon Islands]
- News : Taiwan watching vote in Solomon Islands amid concerns over ties [23/04/2019 - Taiwan]
- News : Sogavare’s political integrity questioned [23/04/2019 - Solomon Islands]
- News : PNG PM heads north to China for Belt and Road forum [23/04/2019 - Papua New Guinea]
- News : Fiji Military calls for more scrutiny on Convention on the Protection of the rights of all migrant workers [23/04/2019 - Fiji]
- News : Pangu Pati falling-out [23/04/2019 - Papua New Guinea]
- News : Bougainville President Momis urges people to remain united despite delay [23/04/2019 - Papua New Guinea]
- News : Chinese surveillance near PNG expanding [23/04/2019 - Papua New Guinea]
- News : Palau woman nabbed for alleged meth trafficking [23/04/2019 - Palau]
- Technology : Up to 3,000 Students to Benefit from Digital Connectivity Project [23/04/2019 - Fiji]
- Sponsored : Oceania National Olympic Committees (ONOC)
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Country profile - Nauru
The tiny Pacific island once generated a per capita income out of proportion to its size. But the source of this wealth - phosphates - is nearing exhaustion, leaving the islanders facing an uncertain future.
While the mining of 1,000 years' worth of fossilised bird droppings has been lucrative, Nauru relies on imports for almost everything - from food and water to fuel.
Moreover, recent financial crises have precipitated a slide into bankruptcy and a dependence on aid. The country had to sell off its assets in Australia to pay off a multi-million dollar debt to a US corporation.
Nauru's government has tried to develop alternative industries, including tourism and offshore banking. A world body, set up to fight money-laundering, removed Nauru from its list of uncooperative states in late 2005.
In 2001 Nauru signed an agreement with Australia to accommodate asylum seekers on the island, in return for millions of dollars in aid. However, Australia ended its controversial "Pacific Solution" of detaining asylum seekers on islands in 2008.
Australia has sent financial experts to Nauru to help it overcome its problems. Additional information Full name: Republic of Nauru Population: 10,000 (UN, 2007) Capital: None, administrative centre is Yaren Area: 21 sq km (8 sq miles) Major languages: Nauruan, English Major religions: Christianity Monetary unit: 1 Australian dollar = 100 cents Main exports: Phosphates
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