Tuvalu and ADB
In the Spotlight
Growth in the Pacific is expected to remain weak in 2018, as economic and political uncertainties, fiscal challenges, and natural disasters hold back some of the region’s larger economies. Growth is projected to decelerate slightly in Tuvalu, says a new ADB report.
ADB's Board of Directors has approved a total of $15 million in financing for the Pacific Disaster Resilience Program which will help strengthen Samoa, Tonga, and Tuvalu’s resilience to disasters.
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.
- Supporting Reforms to Strengthen Fiscal Resilience and Improve Public Service Delivery
- Outer Island Maritime Infrastructure Project
- Asian Development Outlook 2016-2018 - Asian Development Outlook 2017 (Subproject 2)
- Outer Island Maritime Infrastructure Project - Project Design Advance
- Asian Development Outlook 2016-2018 - Asian Development Outlook 2016 (Subproject 1)