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The Economic Times
The Economic Times

This island nation in the Pacific is selling passports for $90,000 — here's what buyers get

Nauru, a small Pacific island nation threatened by rising sea levels, has launched a citizenship-by-investment programme that allows foreign nationals to obtain its passport by making a financial contribution. The government says the initiative will help finance climate adaptation projects, including relocating most of the country's population and infrastructure to higher ground.

Here's what the programme is and why it has attracted global attention.

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