The Department has built relationships with key economic governance institutions to support access to international markets and continuous improvement in public financial management. Key relationships include:
- The International Monetary Fund, one of whose functions is Article IV financial surveillence
- The Asian Development Bank – a key donor supporting investment in public financial management reform, financial literacy, and infrastructure, including the Port redevelopment project
- OECD Global Forum on Transparency and Exchange of Information for Tax Purposes, supporting international transactions for Nauru registered businesses and citizens
- Pacific Financial Technical Assistance Centre (PFTAC ) that supports improvements in public financial management
Nauru works with the OECD Global Forum on Transparency and Exchange of Information for Tax purposes.
In June 2019, Nauru received ratification from OECD Global Forum of Nauru’s ‘largely compliant’ rating with OECD Standards as a result of the Fast Track review undertaken by Global Forum assessors.
Global Forum on Transparency and Exchange of Information for Tax purposes: Nauru Phase 2 Status 2019.
Secretary for Finance
Department of Finance