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While enjoying the benefits of the current surge in fisheries revenue, PNA member countries need to prepare for future downturns in revenue to avoid shocks to government finances and services dependent on this new source of funds, said Parties to the Nauru Agreement (PNA) CEO Dr. Transform Aqorau.
“We can’t be complacent about the income we’re receiving now,” said Dr. Transform Aqorau in Majuro this week. “One bad year of fishing will have a huge negative impact on our economies.”