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NAURU BROKE ALL THE TRUST FUND RULES, ADB REPORT.
Publication: AsiaPulse News Publication Date: 20-JUN-05 |
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COPYRIGHT 2005 Asia Pulse Pty Ltd
SUVA, June 20 Asia Pulse - The Asian Development Bank (ADB) says Nauru broke almost every rule in the book in the management of its phosphate royalties trust.
At the same time, its trust fund governance structure was weak and not transparent.
In a report released this year, the...
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