3. OUR CREDE IS “TUVALU FOR GOD”
THIS IS ALL WE HAVE
• Total land area Tuvalu..24 km²/Manhattan 87.46
km²)
• 4th smallest country (cf. Holy
Sea/Monaco/Nauru)
• Average elevation is 2 mtrs above sea level
• Only highest building is Government
Headquarters; 3 stories.
• 757,000 km² sea locked in mid Pacific Ocean
• 11,000 people living on nine coral atolls
• Most Vulnerable in the WHOLE WORLD
4. Our Economic fundamentals
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Land is sandy, porous, poor and flat
Resource Poor; no natural land based resources
Isolated & remote in the vast Pacific
Agricultural & fisheries is mainly subsistence
GDP/GNI – does not tell the whole story
No Productive Capacity
Everything is Imported
(Food/Construction/Maintenance….)
5. Our Productive limitations
• No natural Resources - Highly Limited Productive
Capacity
• Highly dependent on Foreign Aid / Rental Income
• All Assets are rented – EEZ/.tv internet domain/Air
Space/Sea farers
• High Trade Deficit /Importing Country (no exports)
• Use Australian Currency - No Monetary Policy
• Government is the main employer – not always efficient
producer
• High transportation costs for service provisions to all
islands (average 1 day trip from one island to another)
• Limited Residential areas in Capital – even the PM and
Governors Residence are 10 mtrs from the runway
11. Multiple uses of Airfield – Like everything else in a
small island – multiple use; multitasking is natural!
12. Mitigation & Adaption Strategies can only go so far;
sea level rise will inundate everything we try
13. Tuvalu Trust Fund – an
economic option
Set up in 1987 $27m; 2012 - $127 m
$65m has been made available for the GOT
COUNTRY
Tuvalu
Australia
NZ
UK
Japan
Sth Korea
ORIGINAL
A$1.6m
A$8.0m
A$8.3m
A$8.5m
A$0.7m
A$31,000
ADDITIONAL
A$28.2m
A$6.4m
A$3.2m
A$37,821
14. TTF – an option for
environmental resources
• Established Institution
• Time/Crisis Tested (GEF/Food/Energy…
Tsunami, Climate change crisis)
• International Agreement /Board / Advisory
Committee
• Tuvalu/Donor benefit
• An existing host for (Global climate funds,
LDCF, GEF, IEF, Fast Start Funds…)
15. A Window for Development
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Migration
Remittances
Tuvalu Trust Fund
International Agreements
Aid
Technological Transfer
{"16":"My little girl likes to pose with a victory sign. I am not sure if I can give her an assurance of land, culture, language, tradition, identity and dignity.\n","14":"The TTF is an established institution; governed by an international agreement, its legal status exists in the donors acts; it has stood the test of time; it has a solid management structure. The funds are invested in developed countries. I would want to ponder the idea that for an insurance mechanism against climate change, the Tuvalu Trust Fund is a pertinent host for the environmental pledges that are resonating in global forums over and over again.\n"}
