Australia is working with the Government of Tuvalu to improve its governance and fiscal resilience through the Tuvalu Good Governance and Economic Growth Initiative.
Good Governance and Economic Growth Initiative
Up to $19.5 million, 2011-2019
The Tuvalu Good Governance and Economic Growth Initiative consists of three components:
- Contributing to the Tuvalu Trust Fund to enable Tuvalu to achieve greater financial autonomy in managing its budget and build a long-term revenue source.
- Creating incentives for economic reform by providing performance-linked financial contributions through a multi-donor Policy Reform Matrix.
- Strengthening Tuvalu’s capacity for economic and social reform by providing technical assistance in key areas of government.
Australia’s contributions under this initiative also provide DFAT with the opportunity to engage in policy dialogue with the Government of Tuvalu and other partners (Asian Development Bank, World Bank and New Zealand) on Tuvalu’s fiscal management and budget priorities.