15 Dec 2011

World Bank providing millions for Tuvalu's development

2:36 pm on 15 December 2011

Tuvalu is to receive a 62 million US dollar grant from the World Bank.

World Bank Country Director for the Pacific Islands, Ferid Belhaj, says Tuvalu faces unique challenges in ensuring sustainable development.

These include its extreme remoteness and economic isolation, the tiny and dispersed population and capacity constraints.

The funding will improve international air travel, provide budget support to strengthen the economy, support a regional fisheries' strategy, and give assistance for adaptation to climate change.

The World Bank strategy will also help Tuvaluans take better advantage of regional seasonal work programmes through education and training.