Days later, India’s Hiranandani Corp. Worldwide announced a refinancing deal and declared Nauru “saved from bankruptcy.” But PPB’s Stephen Parbery says the deal, like others before it, is a mirage; the assets will eventually be sold. “There’s no magic wand,” he says. “Talk of refinancing flies in the face of economic reality.” A government spokeswoman says talks with HCW “and several others” are continuing.
On Nauru, says 23-year-old Finea, “all people talk about is what we’re going to eat and what the President is doing.” Soap is now a luxury and Finea, a cleaner, hasn’t been paid since February. And if money doesn’t arrive? “I don’t know,” she says with a small laugh. “Maybe we’ll all drop dead.”