Tuvalu Trust Fund

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. The Tuvalu Trust Fund was established in 1987 by the United Kingdom, Australia and New Zealand. The present value of the Tuvalu Trust Fund is approximately $100 million.

Australia and New Zealand continue to contribute capital to the Tuvalu Trust Fund and provide other forms of development assistance.

Read more about Tuvalu Trust Fund:  History, Contribution To The Tuvaluan Budget, Structure, Domestic Uses, See Also

Famous quotes containing the words trust and/or fund:

    We shall do better to abandon the whole attempt to learn the truth ... unless we can trust to the human mind’s having such a power of guessing right that before very many hypotheses shall have been tried, intelligent guessing may be expected to lead us to one which will support all tests, leaving the vast majority of possible hypotheses unexamined.
    Charles S. Pierce (1839–1914)

    School success is not predicted by a child’s fund of facts or a precocious ability to read as much as by emotional and social measures; being self-assured and interested: knowing what kind of behavior is expected and how to rein in the impulse to misbehave; being able to wait, to follow directions, and to turn to teachers for help; and expressing needs while getting along with other children.
    Daniel Goleman (20th century)