TUVALU: GRADUATING DIFFICULTIES AND REALITIES

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  • {"16":"My little girl likes to pose with a victory sign. I am not sure if I can give her an assurance of land, culture, language, tradition, identity and dignity.\n","14":"The TTF is an established institution; governed by an international agreement, its legal status exists in the donors acts; it has stood the test of time; it has a solid management structure. The funds are invested in developed countries. I would want to ponder the idea that for an insurance mechanism against climate change, the Tuvalu Trust Fund is a pertinent host for the environmental pledges that are resonating in global forums over and over again.\n"}
  • TUVALU: GRADUATING DIFFICULTIES AND REALITIES

    1. 1. TUVALU: GRADUATING DIFFICULTIES AND REALITIES THAT ECOSOC NEED TO KNOW Tuvalu Mission to the UN April 23rd, 2013
    2. 2. TUVALU - A PLACE WE CALL HOME
    3. 3. OUR CREDE IS “TUVALU FOR GOD” THIS IS ALL WE HAVE • Total land area Tuvalu..24 km²/Manhattan 87.46 km²) • 4th smallest country (cf. Holy Sea/Monaco/Nauru) • Average elevation is 2 mtrs above sea level • Only highest building is Government Headquarters; 3 stories. • 757,000 km² sea locked in mid Pacific Ocean • 11,000 people living on nine coral atolls • Most Vulnerable in the WHOLE WORLD
    4. 4. Our Economic fundamentals • • • • • • • Land is sandy, porous, poor and flat Resource Poor; no natural land based resources Isolated & remote in the vast Pacific Agricultural & fisheries is mainly subsistence GDP/GNI – does not tell the whole story No Productive Capacity Everything is Imported (Food/Construction/Maintenance….)
    5. 5. Our Productive limitations • No natural Resources - Highly Limited Productive Capacity • Highly dependent on Foreign Aid / Rental Income • All Assets are rented – EEZ/.tv internet domain/Air Space/Sea farers • High Trade Deficit /Importing Country (no exports) • Use Australian Currency - No Monetary Policy • Government is the main employer – not always efficient producer • High transportation costs for service provisions to all islands (average 1 day trip from one island to another) • Limited Residential areas in Capital – even the PM and Governors Residence are 10 mtrs from the runway
    6. 6. Moving or Disappearing Islands?
    7. 7. Agricultural Issues in an Island economy – Poor Soils/Heat/Sea water leaks
    8. 8. NEW THREATS
    9. 9. King tides
    10. 10. Drought 2011
    11. 11. Multiple uses of Airfield – Like everything else in a small island – multiple use; multitasking is natural!
    12. 12. Mitigation & Adaption Strategies can only go so far; sea level rise will inundate everything we try
    13. 13. Tuvalu Trust Fund – an economic option Set up in 1987 $27m; 2012 - $127 m $65m has been made available for the GOT COUNTRY Tuvalu Australia NZ UK Japan Sth Korea ORIGINAL A$1.6m A$8.0m A$8.3m A$8.5m A$0.7m A$31,000 ADDITIONAL A$28.2m A$6.4m A$3.2m A$37,821
    14. 14. TTF – an option for environmental resources • Established Institution • Time/Crisis Tested (GEF/Food/Energy… Tsunami, Climate change crisis) • International Agreement /Board / Advisory Committee • Tuvalu/Donor benefit • An existing host for (Global climate funds, LDCF, GEF, IEF, Fast Start Funds…)
    15. 15. A Window for Development • • • • • • Migration Remittances Tuvalu Trust Fund International Agreements Aid Technological Transfer
    16. 16. Tuvalu’s Future – Innocent Victory??

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