Tuvalu

Download or read book Tuvalu written by International Monetary Fund. Asia and Pacific Dept and published by International Monetary Fund. This book was released on 2016-10-13 with total page 67 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tuvalu is a fragile micro-state facing tremendous challenges from its remoteness, lack of scale economies, weak institutional capacity, and above all, climate change, which threatens the country’s very existence. Thanks to buoyant fishing licensing fees and grants, Tuvalu has accumulated fiscal buffers in recent years, but it is now incurring significant costs rebuilding after the devastating Cyclone Pam in March 2015. Looking ahead, Tuvalu faces substantial long-run costs in improving its infrastructure to mitigate the effects of climate change.