Last week, Australia and Nauru unveiled a treaty in which the latter said it would not enter into any security agreements without consulting Canberra.
In exchange, Australia pledged $90 million in financial support and announced that Commonwealth Bank of Australia would offer its services in Nauru.
The country had held discussions with officials at Chinese banks after Bendigo, another Australian bank, announced it was leaving Nauru, potentially leaving it without any.
Two days later, Australia announced a deal to establish a National Rugby League team in Papua New Guinea, where the Australian sports league is extremely popular.
Officials said Australia would spend about $375 million over a decade to set up the team.
Persons:
Mihai Sora, ”
Organizations:
Australia, Lowy Institute, Canberra, Commonwealth Bank of Australia, National Rugby League team, Officials
Locations:
Sydney, Australian, Solomon Islands, Australia, China, Nauru, Bendigo, Papua New Guinea