ADB's Work in Tuvalu
Shareholding and Voting Power
Number of shares held:
150 (0.001% of total shares)
39,264 (0.295% of total membership, 0.453% of total regional membership)
Overall capital subscription:
Paid-in capital subscription:
Tuvalu has been a member of ADB since 1993.
This fragile Pacific microstate is geographically isolated, vulnerable to climatic events, exposed to economic shocks, and lacking in many of the resources needed for sustainable growth and poverty reduction. With limited opportunities for private business, the country relies on its public sector as the main driver of growth.
The international airport in Tuvalu's capital city, Funafuti. The airport has no runway lighting, minimal VHF radio and air navigation equipment that restricts operations to daylight hours.
Tuvalu’s income derives largely from fishing license fees, trust fund investments, foreign aid, and remittances. Natural disasters such as cyclones and king tides increase the volatility of revenue flows and can substantially alter fiscal outcomes. The use of the Australian dollar means the Government of Tuvalu is reliant on fiscal policy as the macroeconomic policy lever.
Since 1993, ADB has committed loans totaling $7.9 million, grants of $52.3 million, and technical assistance worth $8.6 million for Tuvalu. Cumulative loan and grant disbursements to Tuvalu from concessional ordinary capital resources and the Asian Development Fund amount to $29.1 million.