1 Nov 2019

Tuvalu receives $US4m from Asian Development Bank

4:54 pm on 1 November 2019

The Asian Development Bank is giving Tuvalu $US4 million so it can improve the management of its finances and the national infrastructure.

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The Improved Fiscal and Infrastructure Management Programme involves two reforms.

Firstly, it aims to improve public financial reporting and public procurement, while putting in place mechanisms for redress and noncompliance.

Under the second reform, improvements will be made to building standards and the management of national infrastructure, which, the bank said, would enhance resilience to disasters and help service delivery.