Mid-term review of the Brussels programme of action (BPOA) : Tuvalu

Abstract

Tuvalu's economy is small, fragmented and highly vulnerable to external economic influences. This has led to a heavy reliance on outside development assistance and has led to a degree of complacency in fiscal and financial management. The economy is unusual in that a substantial amount of both government revenues and private incomes are generated from overseas. For government, revenues come primarily from the income of the Tuvalu Trust Fund (TTF) (capital), the 'dotTV’ internet domain (asset) and from fishing license fees paid by foreign fishing vessels (natural resources). For families the income derives from remittances from overseas seamen (labour).