UN General Debate

Nauru highlights concerns about inability to qualify for international loans

He added the reason behind it is that their GNI per capita exceeds the current threshold for small island economies.

“We are barred from receiving loans from the International Bank for the Reconstruction and Development because the World Bank has determined that our economy does not generate sufficient revenue to service new loans.”

President Aingimea went on to question “Why are other countries given access to these financing tools and not Nauru?”