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Nauru is a small island in the Pacific which was endowed by nature with some of the richest phosphates in the world. Phosphate mining began on the island in 1906, when Nauru was still part of the German empire. Following Germany's defeat in 1918, Nauru was entrusted by the League of Nations to the care of the United Kingdom, Australia and New Zealand. It was a fiduciary relationship which, after the Second World War, continued under the trusteeship system of the United Nations. During this period Nauru's idyllic landscape was disastrously transformed, reducing much of the island to a lunar waste fringed in tropical splendour. Nauru: Environmental Damage under International Trusteeship summarizes part of the ten-volume 'Report of the Commission of Inquiry on the Rehabilitation of Phosphate Lands in Nauru', which was presented to the Government of Nauru in 1988. The report covered the responsibilities of the powers which controlled Nauru for rehabilitation of the lands which had been devastated by phosphate mining. It also inquired into the feasibility and manner of rehabilitation. Professor Christopher Weeramantry, the Chairman of the Commission, has written a fascinating and accessible summary of the portion of the report dealing with international responsibility. The issues include a number of areas of international law relating to mandate and trusteeship, environmental law, abuse of power, unjust enrichment, acquired rights, and permanent sovereignty over natural resources. Nauru is probably the most detailed practical study of an international mandate and trusteeship ever written. The issues explored in the book are of far-reaching importance. The story of Nauru has a significancereaching well beyond the tiny coral island.
Discover intriguing facts about Nauru, the only country without a capital city, in this comprehensive eBook. Explore its unique history, economy, culture, and more.
Nauru is a small island country located in the Pacific Ocean, northeast of Australia. The country has a total land area of just 21 square kilometers and a population of approximately 12,000 people. Nauru was once one of the wealthiest countries in the region, due to its vast deposits of phosphate, a key ingredient in fertilizer. However, unsustainable mining practices and mismanagement of funds led to the depletion of the country's resources and a severe economic decline. Today, Nauru is heavily dependent on foreign aid and has struggled with issues such as high rates of obesity, diabetes, and mental health issues. The country has also faced criticism for its treatment of asylum seekers, who are detained on the island under Australia's controversial offshore processing policy. Despite these challenges, Nauru has made efforts to diversify its economy and improve living conditions for its citizens, including investing in renewable energy and expanding access to healthcare and education.
International Monetary Fund. Asia and Pacific Dept
Author : International Monetary Fund. Asia and Pacific Dept Publisher : International Monetary Fund Page : 84 pages File Size : 42,5 Mb Release : 2023-11-28 Category : Business & Economics ISBN : 9798400259678
Republic of Nauru by International Monetary Fund. Asia and Pacific Dept Pdf
Nauru faces structural challenges due to its small size and remoteness, and is highly dependent on imports. The narrow revenue base comprises fishing license fees, residual phosphate processing, and revenue from the Regional Processing Center (RPC). Nauru is vulnerable to the negative effects of climate change, as the population inhabit in a narrow coastal area. The health and economic impact of the pandemic has been limited in Nauru, thanks to successful vaccination and containment strategies
International Monetary Fund. Asia and Pacific Dept
Author : International Monetary Fund. Asia and Pacific Dept Publisher : International Monetary Fund Page : 48 pages File Size : 44,8 Mb Release : 2017-04-03 Category : Business & Economics ISBN : 9781475591927
Republic of Nauru by International Monetary Fund. Asia and Pacific Dept Pdf
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. In the 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 and limited expansion of the RPC. 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.
International Monetary,International Monetary Fund. Asia and Pacific Dept
Author : International Monetary,International Monetary Fund. Asia and Pacific Dept Publisher : International Monetary Fund Page : 67 pages File Size : 55,8 Mb Release : 2022-02-07 Category : Business & Economics ISBN : 9798400200304
Republic of Nauru: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Nauru by International Monetary,International Monetary Fund. Asia and Pacific Dept Pdf
Early and decisive measures successfully prevented an outbreak of COVID-19 in Nauru, and as of January 2022 there have been no COVID-19 cases on the island. Strong pandemic policy measures supported the economy, which continued to expand in FY20 and FY21. Nauru’s remoteness and size constrain potential growth and it is severely exposed to the negative effects of climate change on sea levels and the ocean stock of tuna. Development challenges are exacerbated by limited capacity and a high incidence of non-communicable diseases (NCDs).
Global Forum on Transparency and Exchange of Information for Tax Purposes: Nauru 2019 (Second Round) Peer Review Report on the Exchange of Information on Request by OECD Pdf
This report contains the 2019 Peer Review Report on the Exchange of Information on Request of Nauru.