The Tuvalu Trust Fund is an international sovereign wealth fund established to benefit Tuvalu, a small, central Pacific island nation, by providing income to cover shortfalls in the national budget, underpin economic development, and help the nation achieve greater financial autonomy. The Tuvalu Trust Fund was established in 1987 by the United Kingdom, Australia and New Zealand.
The International Monetary Fund (IMF) 2014 Country Report noted the market value of the Tuvalu Trust Fund dropped during the global financial crisis; however, the IMF 2016 Country Report estimates the total value of the fund had recovered to be AUD$131 million in 2012. The policy of the Tuvuluan government has been to grow the maintained value of the Consolidated Investment Fund (CIF), from which the government can draw funds for government expenditure; during 2016-2020 the government was able to save an average of 6.6% of GDP into the CIF. (Full article...)
Sopoaga was elected to Parliament in the 2010 general election. He served as Deputy Prime Minister and Minister for Foreign Affairs, the Environment and Labour in Prime Minister Maatia Toafa's short-lived government from September to December 2010. Following an unsuccessful bid for the premiership in December 2010 (with Toafa's support), he became leader of the Opposition to prime minister Willy Telavi's government. He became caretaker prime minister on 1 August 2013 following Telavi's removal by the Governor General, in the context of a political crisis. A day later, on 2 August 2013, the opposition successfully voted out Telavi's government in a no confidence vote. Following this, a ballot was held to elect the new prime minister of Tuvalu and Sopoaga won with 8 votes to 4. He was sworn in on 5 August 2013, and created his ministry the same day. (Full article...)
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The National Bank of Tuvalu (NBT) is the sole provider in Tuvalu of banking services involving taking deposits, making loans and engaging in foreign exchange transactions. In 2020, its assets were AUD$128 million, or 160% of the GDP of Tuvalu.
Telavi was first elected to parliament in 2006 and was re-elected in 2010. He became prime minister on 24 December 2010 and the Telavi Ministry retained government until August 2013. The refusal of prime minister Telavi to recall the Parliament of Tuvalu after the 2013 Nukufetau by-election resulted in a constitutional crisis when he adopted the position that, under the Constitution of Tuvalu, he was only required to convene parliament once a year, and was thus under no obligation to summon it until December 2013. The opposition then requested the Governor-General of Tuvalu, Sir Iakoba Italeli, to intervene against the Telavi's decision. On 3 July, Governor-General Italeli exercised his reserve powers in ordering parliament to convene, against the prime minister Telavi's wishes, on 30 July. On 1 August 2013 Governor-General Italeli again exercised his reserve powers and dismissed Telavi as Prime Minister of Tuvalu and appointed the opposition leader Enele Sopoaga as Tuvalu's caretaker prime minister. A day later, on 2 August 2013, Telavi's government was successfully brought down through a vote of no confidence in parliament. He resigned from parliament in August 2014. He was absent for much of the parliamentary year tending to his sick wife in Hawaii, and he resigned in order to remain at his wife's side. (Full article...)
Pulaka, Cyrtosperma merkusii, or swamp taro, is a crop grown mainly in Tuvalu and an important source of carbohydrates for the area's inhabitants. It is a "swamp crop" similar to taro, but "with bigger leaves and larger, coarser roots." The same plant is known as ‘‘pulaka’’ in Niue, babai in Kiribati, puraka in Cook Islands, pula’a in Samoa, via, via kana or via kau in Fiji, pulaka in Tokelau, simiden in Chuuk, swam taro in Papua New Guinea, and navia in Vanuatu.
Pulaka roots need to be cooked for hours to reduce toxicity in the corms, but are rich in nutrients, especially calcium. Pulaka is an important part of Tuvalu cultural and culinary tradition, now under threat from rising sea level and displacement from the growing use of imported food products. (Full article...)
Lesbian, gay, bisexual, and transgender (LGBT) people in Tuvalu face legal difficulties not experienced by non-LGBT residents. Sections 153, 154 and 155 of the Penal Code outlaw male homosexual intercourse with a penalty of up to 14 years in prison, but the law is not enforced. Employment discrimination on the basis of sexual orientation has been banned since 2017. Since 2023, the Constitution of Tuvalu has banned same-sex marriage.
Severe Tropical Cyclone Raja was a tropical cyclone that holds the 24-hour rainfall record of 674.9 mm (26.57 in) for the French Overseas Territory of Wallis and Futuna. The system was first noted by the Fiji Meteorological Service (FMS) as a weak tropical disturbance northeast of Tokelau in mid-December 1986. The system developed further as it moved southwest over the next few days, and it was classified as Tropical Cyclone Raja on 23 December. The newly named system slowed and unexpectedly recurved southeast towards the French territory of Wallis and Futuna on 24 December. Over the next two days, Raja interacted with what would become Severe Cyclone Sally and executed a tight loop, passing within 55 km (35 mi) of Futuna. The system peaked as a Category 3 severe tropical cyclone on 28 December, with estimated 10-minute sustained winds of 90 mph (150 km/h). The storm turned southwest the next day and threatened Fiji, where it passed within 20 km (10 mi) of Vanua Levu and near (or over) several smaller islands in the Lau group during the following day. Raja gradually weakened over the next few days as it moved south of Fiji; it was last noted on 5 January 1987 after it filled up over the north Tasman Sea.
Raja caused one death as it impacted the island nations of Tuvalu, Wallis and Futuna, Tonga and Fiji. Gusty winds and rough seas associated with the system caused extensive damage to crops, coastal installations and buildings in Tuvalu, and flooded low-lying areas. The island of Futuna was the worst hit, with crops, coastal installations and buildings damaged or destroyed by the system. Raja affected the main islands of Fiji twice between 24 and 30 December, and was responsible for the worst flood of the Labasa River since 1929. As a result of the damage to Fiji and portions of Polynesia, the name Raja was retired from the South Pacific naming lists. (Full article...)
The population of Tuvalu is approximately 10,645 people (2017 Mini Census), but there are estimated to be more than 13,000 Tuvaluan speakers worldwide. In 2015 it was estimated that more than 3,500 Tuvaluans live in New Zealand, with about half that number born in New Zealand and 65 percent of the Tuvaluan community in New Zealand is able to speak Tuvaluan. (Full article...)
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The Law of Tuvalu comprises the legislation voted into law by the Parliament of Tuvalu and statutory instruments that become law; certain Acts passed by the Parliament of the United Kingdom (during the time Tuvalu was either a British protectorate or British colony); the common law; and customary law (particularly in relation to the ownership of land). The land tenure system is largely based on kaitasi (extended family ownership). (Full article...)
Image 17Polynesia is the largest of three major cultural areas in the Pacific Ocean. Polynesia is generally defined as the islands within the Polynesian triangle. (from History of Tuvalu)
Image 26The atoll of Funafuti; borings into a coral reef and the results, being the report of the Coral Reef Committee of the Royal Society (1904). (from History of Tuvalu)
Image 33Main Street in Funafuti, (circa 1905). (from History of Tuvalu)
Image 341st Lt. Louis Zamperini, peers through a hole in his B-24D Liberator 'Super Man' made by a 20mm shell over Nauru, 20 April 1943. (from History of Tuvalu)
Image 35Martin Kleis (1850–1908) with Kotalo Kleis and their son Hans Martin Kleis. (from History of Tuvalu)