The Government of the Republic of Nauru

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Nauru gets a bank again, and looks back at two years of progress

As the two year anniversary of the Nauru Waqa Government nears, it has declared itself a "can-do" administration, citing a range of reforms and advances the nation has made.
 
President Baron Waqa said like any reformist government, they have had to make the hard decisions, but progress like yesterday's opening of the Bank of Bendigo agency, back-payments to public servants and landholders, the establishment of a future fund, and a more independent and efficient legal system are indicators of a nation that is maturing.
 
Mr Waqa said under his government the nation has "removed itself from the mismanagement and corruption of previous administrations" and rediscovered unity.
 
"It is a joy to see progress, and yesterday was a significant milestone for our country with the opening of our first bank after the collapse of the previous bank over a decade ago," he said.
 
He said as well as an obvious practical benefit, the opening of the bank agency was an act of symbolism.
 
"The past two years has seen a rebirth of sorts, as we put the past behind us and focus on the future direction of our country."
 
The President said he is disappointed that some foreign media continue to depict Nauru negatively without understanding the country's progress.
 
"Before we were elected with a clear mandate for change, this country was run in a way that rewarded a few, while the majority suffered. We have cleaned it up and given the power back to the people."
 
Major advances in Nauru over the past two years include:
 
·         Reform of the legal system - The country now has three judges and more accountability. The cronyism that existed prior is gone.
 
·         Payments to government workers - Public servants were owed money from previous administrations. They have now been back-paid.
 
·         Landholders - Landowner payments commenced by the Government, after decades of abuse and corruption under former administrations including that of the period when Nauru was run by the current Opposition, which was funded largely by landowner royalties whilst landowners themselves went poor. We have stopped this practice.
 
·         Infrastructure - The nation is building more infrastructure. Also a port for the island is currently being considered.
 
·         Restructure of fuel supply - Today is a milestone with Vital taking over the country's fuel supply. This means there will now be a secure and reliable supply of fuel to Nauru.
 
·         Bank - The Bank of Bendigo agency is open this week, after over a decade with no bank.
 
·         Future Fund - Finance Minister David Adeang has overseen the establishment of a future fund, with support and oversight from other nations. This means that never again will corruption steal the future finances of Nauru.
 
·         The success of our airline, which has brought economic benefits to our nation and region.