Tuvalu and ADB
In the Spotlight
ADB’s Pacific Private Sector Development Initiative (PSDI) has worked to alleviate poverty by promoting inclusive economic growth through reforms that encourage private sector investment and entrepreneurship. PSDI’s latest annual report, A Decade of Reform, summarizes many successful reforms Pacific countries have enacted with its support.
If a conflict-sensitive approach is applied to development programs in conflict-affected countries, a fragility-sensitive approach should be applied to small fragile Pacific island states such as Tuvalu.
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.
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.
Population living below the national poverty line in Tuvalu (2010)
Internet users in Tuvalu, per 100 population (2013)
Average annual population growth rate in Tuvalu (2010-2015)
Population in Tuvalu, in millions (2015)