Debt levels

World Bank highlights Pacific debt distress

The report, namedĀ Raising Pasifika: Strengthening Government Finances to Enhance Human Capital in the PacificĀ is a public expenditure review for Kiribati, Nauru, Marshall Islands, Federated States of Micronesia, Palau, Samoa, Tonga, Tuvalu and Vanuatu.

According to RNZ Pacific, the report's executive summary says the Covid-19 shock, combined with overlapping shocks from natural disasters and global inflation, risks reversing a decade of progress in building human capital across the Pacific.