Tuvalu: Strengthened Fiscal Sustainability Program
In 2012, the government, supported by its development partners, embarked on a comprehensive reform program to improve the fiscal outlook, ensure prudent fiscal management, and prevent the accumulation of debt. A policy reform matrix (PRM) outlined the three phases of reform from 2012 to 2015, which targeted a sustainable fiscal framework through reform actions in six areas.
A grant of $2 million for the program was approved to achieve a stronger fiscal position for Tuvalu by providing resources to implement selected reforms under the third and final phase of the government’s PRM. The program was a stand-alone policy-based grant operation that focused on the implementation of the final phase of the current PRM.
This report validates the completion report's assessment of the program. IED overall assessment: Successful.