Asian Development Bank signs $5M grant with Nauru for gender-responsive fiscal sustainability.

The Asian Development Bank (ADB) signed a 5 million USD policy-based grant with Nauru to help introduce a gender-responsive fiscal sustainability approach. The program, financed through two 5 million USD policy-based grants from the Asian Development Fund, aims to reduce debt, improve debt management, raise revenue, enhance SOEs, and support Nauru's vulnerable people for sustainable and inclusive growth.