Improving Fiscal Sustainability Program (Subprogram 1)

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The proposed Improving Fiscal Sustainability Program will help the Government of Nauru strengthen gender-responsive fiscal sustainability by implementing policy and institutional reforms to (i) enhance fiscal and debt management, (ii) improve the governance of state-owned enterprises (SOEs), (iii) advance social protection systems; (iv) increase women's economic participation; and (v) reduce gender-based violence (GBV). The program will support key operational priorities of Strategy 2030 of the Asian Development Bank (ADB): addressing remaining poverty and reducing inequalities, accelerating progress in gender equality, and strengthening governance and institutional capacity. The program aligns with all three objectives in ADB's Pacific Approach, 2021-2025: preparing for and responding to shocks, delivering sustainable services, and supporting inclusive growth. The program was designed knowing that Nauru is both a small island developing state and a fragile and conflict-affected situation. Following the Joint Multilateral Development Bank Methodological Principles for Assessment of Paris Agreement Alignment of New Operations, the operation has been assessed as aligned with the goals of the Paris Agreement.