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:
“Jesus: Senor, the widow Gomez delivered a son this morning, a boy.
Guthrie McCabe: Bully for the widow Gomez.
Jesus: But Senor, it has been more than a year ago since Senor Antonio Gomez has been buried in the church house.
McCabe: Well, there’s some men y’a just can’t trust to stay where you put ‘em.”
—Frank S. Nugent (1908–1965)
“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)