Tuvalu and ADB
In the Spotlight
Pacific nations are managing fishing licenses to maximize benefits, says the Pacific Economic Monitor.
In Tuvalu, 26.3% of the population lives below the national poverty line. Get the latest statistical data on poverty and socioeconomic development in Tuvalu and compare poverty indicators among countries in the Pacific.
A new Asian Development Bank report says Pacific economies face lower growth and tighter fiscal conditions this year due to low commodity prices and severe cyclones.
ADB will provide $2 million in emergency assistance to help the government and people of Fiji to cope with and recover from the damage caused by Tropical Cyclone Winston.
Tuvalu is a fragile microstate consisting of nine low-lying atolls. The country has a total area of only 26 square kilometers, and most of its 11,000 people live on the main island, Funafuti.
With few exports, Tuvalu is almost entirely dependent on external aid as well as highly variable revenue from fishing licenses, remittances, surpluses from the country’s overseas trust fund, and rent of its “dot tv” internet extension. Building and maintaining fiscal resilience and upgrading maritime infrastructure are key priorities for the government.
ADB's approach and operations in Tuvalu are aligned with the national strategy for sustainable development and its objectives of good governance, macroeconomic growth and stability, and sustainable economic infrastructure.