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 is a small island developing state comprising nine atolls in the South Pacific. It is geographically isolated and highly vulnerable to climatic and economic shocks. With a small private sector and limited resources to support socioeconomic development, the public sector is its main driver of growth.
Tuvalu depends on fishing license fees, trust fund investments, official development assistance, and remittances for foreign currency earnings. Disasters triggered by natural hazards, such as cyclones and king tides, increase the country’s economic volatility and can substantially alter fiscal outcomes.
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 has been a member of the Asian Development Bank (ADB) since 1993. ADB’s assistance has concentrated on improving macroeconomic growth and stability, advancing renewable energy, upgrading transport assets, expanding health coverage, and building disaster resilience.
Since 1993, ADB has committed loans totaling $7.9 million, grants of $60.8 million, technical assistance worth $10.7 million, and ADBadministered cofinancing of $2.8 million for Tuvalu.