Table of Contents
Executive Summary.........................................................................................3
1.How the Fund Started...................................................................................5
2.Key Features of the Agreement...................................................................6
Purpose and Objectives of the Fun.........................................................6
Fund Management and Administration...................................................7
The TTF................................................................................................9
The Consolidated Investment Fund (CIF).............................................10
3.Fund Performance.......................................................................................12
Growth of the Fund...............................................................................12
Comparative Returns............................................................................13
4.Tuvalu’s Economic Performance...............................................................15
Fiscal Management...............................................................................15
Development Budget............................................................................16
Falekaupule Trust Fund and Outer island development.......................17
Social and Economic Indicators............................................................17
GDP...............................................................................................17
CPI....................................................................................................18
Population and Environment..............................................................18
Employment.....................................................................................19
Health...............................................................................................20
Education.........................................................................................21
Balance of Payments...........................................................................22
Infrastructure........................................................................................23
5.Commitment of Donors..............................................................................24
6.Tuvalu Strategy..........................................................................................26
Setting up the Buffer Account.............................................................26
Size of the CIF......................................................................................26
7.Issues..........................................................................................................28
8.The Future............................................................................................29
Tuvalu the Major Contributor.................................................................29
Budget Stabilisation..............................................................................29