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International Monetary Fund. Asia and Pacific Dept

Our authorities in Nauru appreciate the open and constructive engagement with the mission team during the virtual 2021 Article IV consultations. Nauru is one of the Fund’s newest, smallest, and most vulnerable members, with severely limited capacity for economic diversification. The authorities attach significant value to the policy advice and assistance received through their Fund membership. The authorities also broadly concur with staff’s assessment, analysis, and most policy recommendations. Geography and the challenge of isolation . Nauru is remotely