Tuvalu and ADB
In the Spotlight
With average growth in the Pacific now projected at 2.7% in 2016 and 3.3% in 2017, the lowest since the global financial and economic crisis, policies to reinvigorate and sustain economic activity need to be prioritized, according to the December 2016 issue of the Pacific Economic Monitor.
ADB in partnership with the Pacific Financial Technical Assistance Centre (PFTAC) is helping Pacific governments better manage their public financial systems. Some of the key activities to be funded by the ADB assistance include establishing broader-based and more efficient revenue systems.
For Tuvalu, forecast growth in 2016 is revised down by half a percentage point as delays affect the implementation of infrastructure projects, but maritime projects funded by development partners are expected to maintain growth as forecast in 2017. Read more from Asian Development Outlook 2016 Update
ADB has scaled up its assistance to Pacific countries from about $500 million in 2004 to more than $2 billion by the end of 2015, supporting the construction of infrastructure such as transport, energy, water and sanitation, and information and communication technology.
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.
Projects in Tuvalu
No projects in this category were found.
Average annual population growth rate in Tuvalu (2010-2015)
Population in Tuvalu, in millions (2015)
Internet users in Tuvalu, per 100 population (2013)
Population living below the national poverty line in Tuvalu (2010)