Republic of Nauru : Aid management policy

Abstract

The Republic of Nauru since becoming independent on 31 January 1968 has relatively been self sufficient with little or no reliance on external assistance. This was made possible through revenue received from the mining of rock phosphate which since the early 1900s was the single key activity driving the economy of Nauru. In fact in the 1970s and 80s, Nauru had the highest per capita income making it the richest country in the Asia Pacific region.