Tuvalu and ADB
In the Spotlight
ADB-wide sovereign approvals in the Pacific has risen substantially since 2010, reaching almost $1.8 billion in 2013. ADB is assessing and updating the Pacific Approach, which will continue to guide its operations in the region.
The growth outlook for developing Asia and the Pacific remains steady, even though momentum slowed in the second half of 2014, but the declining oil prices represent a golden opportunity for many beneficial reforms, ADB says in a new report.
The Pacific region is benefitting from stronger links with Asia’s growing economies, and can gain more with targeted policy reforms and investments, according to ADB's Pacific Economic Monitor.
Engaging the private sector through public-private partnerships and privatization improves the performance and service delivery of state-owned enterprises, according to a new report by ADB.
ADB's approach and operations in Tuvalu are aligned to the National Strategy for Sustainable Development, Te Kakeega 2005–2015, and its objectives of good governance and macroeconomic growth and stability.
ADB, together with development partners, remains committed to supporting the government's road map for improving the management of public resources, exercising prudent public expenditure and fiscal management, strengthening corporate governance, and delivering better public service to Tuvaluans.
0.01(2013) Population in millions
0.5%(2008-2013) Average annual population growth rate
26.3%(2010) Population living below the national poverty line