Economy of Tuvalu Economy of Tuvalu Tuvalu is a Polynesian island nation located in the Pacific Ocean, midway between Hawaii and Australia. The economy of Tuvalu is constrained by its remoteness and lack of economies of scale. Government revenues largely come from fishing licences (primarily paid under the South Pacific Tuna Treaty); direct grants from international donors (government donors as well as from the Asian Development Bank); and income from the Tuvalu Trust Fund (established in 1987 by the United Kingdom, Australia, New Zealand). The lease of its highly fortuitous .tv Top Level Domain (TLD) also contributes revenue; however, revenue from the sales
Pacific Islands Forum Pacific Islands Forum The Pacific Islands Forum (PIF) is an inter-governmental organization that aims to enhance cooperation between countries and territories of the Pacific Ocean. It was founded in 1971 as the South Pacific Forum. In 1999, the name was changed; "Pacific Islands Forum" is more inclusive of the Forum's Oceania-spanning membership of both north and south Pacific island countries, including Australia. It is an observer at the United Nations. The mission of the Pacific Islands Forum is “to work in support of Forum member governments, to enhance the economic and social well-being of the people of the South Pacific