Regions and Countries

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p. 12 of 18 BACK | NEXT I. Country Performance Assessment II. Country Operational Strategy III. Sector Strategies A. Natural Resources and Rural Development B. Infrastructure C. Governance Dimensions of Asian Development Bank Operations D. Gender Dimensions of Asian Development Bank Operations E. Private Sector Operations IV. Regional Cooperation V. Donor Activities and Aid Coordination VI. Cofinancing and Catalyzing External Resources VII. ADB’s Operational Program VIII. Economic and Sector Work Program IX. Local Cost Financing

Country Assistance Plans - Tuvalu : III. Sector Strategies

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E. Private Sector Operations

31. The private sector in Tuvalu is still in its infant stage. It is concentrated in the main island, Funafuti, and in the commercial sector, small shops. Private sector enhancement is one of the major components of the ADB strategy in Tuvalu. While no direct assistance to the private sector is envisaged at this stage, the proposed program will support its development through: (i) upgrading of TMS, the major source of financial resources for the islands; (ii) assisting micro-finance institutions, a pre-requisites to develop grassroots private activities; and (iii) various private sector promoting conditionalities under the IDP, including: (i) corporatization of the inter island transportation and TMS; (ii) contracting out of public works and services; (iii) debt repayment to private sector entities to be settled on time; (iv) strengthen the business development advisory services on outer islands; and (v) mobilize banking resources for business lending. The IDP and the proposed advisory TA for the micro-finance institution enhancement will assist the Government to channel financial resources into a domestic business lending facility.

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