- Sports News : Great Britain set to face Tonga in New Zealand in first Test for 12 years [12/11/2018 - United Kingdom]
- Business News : Pasifika families and businesses are big contributors to NZ economy: Finance Minister [12/11/2018 - New Zealand]
- News : O’Neill: We must stand for Pacific [12/11/2018 - Papua New Guinea]
- News : Trade, security on Ardern's agenda at APEC summit [12/11/2018 - New Zealand]
- News : Parliament gets makeover for Xi meeting [12/11/2018 - Papua New Guinea]
- News : New Zealand announces Pacific enabling fund [12/11/2018 - Niue]
- Sports News : Kiwis, Mate Ma'a Tonga and Kangaroos to compete in top division of newly-unveiled Oceanic Cup next year [11/11/2018 - Australia]
- Sports News : Australia and Fiji triumph at Oceania Rugby Sevens [11/11/2018 - Fiji]
- Sports News : Tonga beats French Barbarians 49-38 in 13-try thriller [11/11/2018 - Tonga]
- News : 10 Solomon Islands MPs investigated for corruption [11/11/2018 - Solomon Islands]
- News : Australian PM and Defence ministers outline new Pacific engagement plan [11/11/2018 - Australia]
- News : Marshalls’ President Heine calls no confidence vote reasons ‘a smokescreen’ [11/11/2018 - Marshall Islands]
- 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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