Tuvalu Trust Fund

rdf:langString Tuvalu Trust Fund

rdf:langString Tuvalu Trust Fund

rdf:langString Tuvalu Trust Fund

rdf:langString AUD$192 million

rdf:langString United Kingdom, Australia, New Zealand and the government of Tuvalu.

rdf:langString "binary trust fund structure". The binary structure consists of an endowment fund and a revolving fund.

rdf:langString Professional Fund Managers - two Australian based firms - manage the fund on a day-to-day basis

rdf:langString Tuvalu, Australia and New Zealand

rdf:langString Coat of arms of Tuvalu.svg

rdf:langString 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. In the thirty years since the creation of the fund, the Government of Tuvalu has received distributions of AUD$100 million in absolute terms or AUD$154 million in 2017 values.