The 2023 Article IV Consultation discusses that a successful vaccination strategy allowed Tuvalu to lift coronavirus disease (COVID) containment measures at the end of 2022, but the economic cost of the pandemic has been significant. Real gross domestic product growth was -4.3 percent in 2020,...

Swift implementation of containment measures, limited spillovers from tourism, and COVID-related fiscal spending financed by buoyant fishing revenues and donor grants have allowed Tuvalu-a fragile Pacific micro-state-avoid a recession in 2020. The economy is expected to expand by 2.5 percent in...

Observers repeatedly predict that climate change will lead and is already causing massive migration with very large numbers of people forced to leave their homes in cataclysmic waves of climate refugees. Yet, most of the empirical research on the contemporary link between climate change and...

This departmental paper provides an in-depth overview of access to climate finance for Pacific Island Countries, evaluating successes and challenges faced by countries and proposes a way forward to unlock access to climate funds

Tuvalu is a fragile micro state. The country's remoteness, narrow production base, and weak banking sector constrain private sector activity, leaving public expenditure as the main source of growth. The DSA finds that Tuvalu remains at high risk of debt distress

This paper investigates the vulnerability of households to climatic disasters in the low-lying atoll nation of Tuvalu. Small Island Developing States, particularly the atoll islands, are considered to be the most vulnerable to climatic change, and in particular to sea-level rise and its...

Observers repeatedly predict that climate change will lead and is already causing massive migration with very large numbers of people forced to leave their homes in cataclysmic waves of climate refugees. Yet, most of the empirical research on the contemporary link between climate change and...

This 2016 Article IV Consultation highlights that the macroeconomic outlook for Tuvalu is stable. Real GDP growth in 2015 is estimated at 2.6 percent and is projected to rise to 4 percent in 2016 owing to several large infrastructure projects and recovery spending following Cyclone Pam....

The intensity of cyclones in the Pacific is predicted to increase and sea levels are predicted to rise, so an atoll nation like Tuvalu can serve as the "canary in the mine" pointing to the new risks that are emerging because of climatic change. Based on a household survey we conducted in Tuvalu,...

This paper investigates the vulnerability of households to climatic disasters in the low-lying atoll nation of Tuvalu. Small Island Developing States, particularly the atoll islands, are considered to be the most vulnerable to climatic change, and in particular to sea-level rise and its...

Empirical evidence on aid volatility shows that it adversely impacts recipient countries. This study seeks to find if aid volatility matters in Tuvalu — a small aid recipient country in the Pacific. The study finds that, with a coefficient of variation of 0.49, aid volatility in Tuvalu is...

Tuvalu is one of the smallest and most isolated countries in the world. With a population of some 11,000 people living on 26 square kilometers, Tuvalu is more than 3,000 kilometers away from its nearest major external market (New Zealand). The country faces tremendous challenges stemming from...

Empirical evidence on aid volatility shows that it adversely impacts recipient countries. For instance, high aid volatility results in uncompleted projects, affects fiscal planning, and decreases the economic and social value of aid. Given these impacts of aid volatility, this study seeks to...

The DSA concludes that Tuvalu remains at a high risk of debt distress, in line with the 2016 DSA conclusion. External debt has breached several thresholds as of 2017, including for the present value of debt-to-GDP. Risks to debt sustainability remain high due to elevated current spending, a...

This paper discusses Tuvalu’s economic condition, internal happenings, external linkages, and climate. The country has reported slow economic growth after the global crisis. The export and economic expansions have been minimal with many of its goods imported. The main source of income for the...

Geoengineering research has historically been inhibited by fears that the perceived availability of a technological fix for climate change, such as the deployment of space-based reflectors, may undermine greenhouse gas abatement efforts. I develop a game theoretic model to show that the credible...

This Regional Partnership Framework (RPF) outlines the World Bank Group (WBG) strategic program for nine Pacific island countries (PIC9): Kiribati, the Republic of the Marshall Islands (RMI), Federated States of Micronesia (FSM), Republic of Nauru, Republic of Palau, Independent State of Samoa,...

This brief presents findings from a census of the early development of Tuvalu's children, identifies areas of need, and puts forth recommendations to address gaps in service delivery to provide every child in Tuvalu with the best start in life. Universal health care and education are essential...

Not since the demise of the fabled state of Atlantis has the world witnessed the actual physical disappearance of a state. However, climate change induced sea level rise now threatens to redraw the physical geographical map of the world, radically altering coastlines and creating new ocean...

Recent economic developments of Tuvalu were discussed. Major construction projects to build a wharf and a power station have been completed, and seafarer employment—Tuvalu’s main foreign exchange earning source for the private sector—is weak. The Consolidated Investment Fund (CIF)...