Scrolling through Facebook recently, I discovered that Niue has been debt free as a country since late 2016. Through the leadership of premier Toke Talagi, Niue has paid off approximately US $4,000,000 worth of debt and are no longer interested in loans. Despite hearing offers from big powers like China for large sums of money, Niue is happy to continue operating on moderate development and no borrowing, with an economy made up largely of natural resources, eg. exporting water, bananas … Continue reading Debt free Pacific: Should the Pacific follow Niue’s lead?
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