Talofa and welcome to the website of the Tuvalu Trust Fund. As Chair of the Board, I am honoured to welcome interested development partners, regional and international organisations, non-government organisations, individuals, and most importantly my fellow Tuvaluans. The TTF official website serves as a space that provides any information on the Fund.
After Tuvalu gained independence in 1978 it still had limited financial resources. With major efforts by the Government of Tuvalu, it managed to secure donor funding to establish the Tuvalu Trust Fund totalling AUD $26.4 million – which included contributions from the Governments of Tuvalu, Australia, New Zealand and the United Kingdom. On 16 June 1987 the International Agreement was signed, formally establishing the Fund with the objectives to cover budget shortfalls, underpin economic development and support financial autonomy for the country.
In 2021, the Fund managed to reach its AUD $200 million target, showcasing the significant growth of the Fund despite various challenges such as the Covid-19 pandemic. That same year, the Board further made a transformational decision to change the Fund’s investment strategy after almost a decade to Implemented Consulting. We welcome our new Implemented Consultant, Mercer Investments (Australia), to the TTF Team.
I would like to acknowledge my fellow Board Directors for their valuable contributions ensuring the smooth management of the Fund. Furthermore, acknowledging the continuous support from the TTF Advisory Committee (TTFAC) and the Investment Committee (IC) for their invaluable advice of the Fund. Also recognising the Secretariat for ensuring coordination of all TTF entities are appropriately handled.
The TTF continues to be an important financial asset. Going forward, it is the hope that the Fund will continue to grow and support the Government of Tuvalu and its people for many more years to come.
Tuvalu mo te Atua.