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:
“The only way to make a man trustworthy is to trust him.”
—Henry Lewis Stimson (1867–1930)
“I am advised that there is an unexpended balance of about $45,000 of the fund appropriated for the relief of the sufferers by flood upon the Mississippi River and its tributaries, and I recommend that authority be given to use this fund to meet the most urgent necessities of the poorer people in Oklahoma.”
—Benjamin Harrison (1833–1901)