Asian Development Bank and Tuvalu: Fact Sheet
To help overcome the impacts of the pandemic, ADB’s assistance in Tuvalu will focus on improving outer-island port facilities, building disaster resilience, promoting renewable energy sources, and sustaining good fiscal management.
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.
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.
Updated yearly, this ADB Fact Sheet provides concise information on ADB's operations in the country and contact information.