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p. 75 of 95 BACK | NEXT Message from the Chairman of the Board of Directors Members, Capital Stock and Voting Power The Record Abbreviations 2004 in Review: Board of Directors' Report Special Theme: The Changing Face of the Microfinance Industry: Building Financial Systems for the Poor Part 1: Institutional Effectiveness Part 2: Poverty Reduction Strategic Priorities Thematic Priorities Regional Perspectives East and Central Asia Mekong The Pacific Cook Islands Fiji Islands Kiribati Marshall Islands Micronesia, Federated States of Nauru Palau Papua New Guinea Samoa Solomon Islands Timor-Leste Tonga Tuvalu Vanuatu South Asia Southeast Asia Part 3: Financial Statements: Management's Discussion and Analysis

Annual Report 2004 : Part 2: Poverty Reduction : The Pacific

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Tuvalu

Strategy and Policy Dialogue. The strategy focused on improving governance and economic management, enhancing employment opportunities by developing skills, and improving services on outer islands, in part through the introduction of sustainable financing mechanisms. ADB provided support for formulating the national sustainable development strategy. Assistance was also provided for maritime training and for the reform of state-owned enterprises. Sector focus included agriculture, fisheries, education, health, transport, and infrastructure.

Policy dialogue noted the country's high dependence on external revenues such as remittances, trust fund returns, and development aid. The government requested that ADB assist with the implementation of the tax reforms recommended by a review from the Pacific Financial Technical Assistance Centre. Representatives from the private sector expressed the need to improve access to credit and markets as well as to develop human resources for entrepreneurship. Representatives from nongovernment organizations (NGOs) recommended future collaboration with ADB in areas such as microcredit to women in the outer islands and institutional and capacity building for local NGOs.

Loans and Technical Assistance. Assistance. A supplementary loan for maritime training project was approved for $1.97 million. A total of $300,000 for project preparatory technical assistance was also approved for education sector reform and development.

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