The National Bank of Tuvalu (NBT) is the sole provider in Tuvalu of banking services involving taking deposits, making loans and engaging in foreign exchange transactions. In 2020, its assets were AUD$128 million, or 160% of the GDP of Tuvalu.
Pulaka, Cyrtosperma merkusii, or swamp taro, is a crop grown mainly in Tuvalu and an important source of carbohydrates for the area's inhabitants. It is a "swamp crop" similar to taro, but "with bigger leaves and larger, coarser roots." The same plant is known as ‘‘pulaka’’ in Niue, babai in Kiribati, puraka in Cook Islands, pula’a in Samoa, via, via kana or via kau in Fiji, pulaka in Tokelau, simiden in Chuuk, swam taro in Papua New Guinea, and navia in Vanuatu.
Pulaka roots need to be cooked for hours to reduce toxicity in the corms, but are rich in nutrients, especially calcium. Pulaka is an important part of Tuvalu cultural and culinary tradition, now under threat from rising sea level and displacement from the growing use of imported food products. (Full article...)
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A paopao (from the Samoan language, meaning a small fishing canoe made from a single log), is the name used by the Polynesian-speaking inhabitants of the Ellice Islands (now Tuvalu) for their single-outrigger canoes, of which the largest could carry four to six adults. The large double-hulled sailing canoes (lualua and foulua) had ceased to be constructed in the Ellice Islands some time before contact with Europeans.
Donald Gilbert Kennedy, the resident District Officer in the administration of the Gilbert and Ellice Islands Colony from 1932 to 1938, described the construction of paopao and of the variations of single-outrigger canoes that had been developed on Vaitupu and Nanumea. Gerd Koch, an anthropologist, visited the atolls of Nanumaga, Nukufetau and Niutao, in 1960–61, and published a book on the material culture of the Ellice Islands, which also described the canoes of those islands. (Full article...)
Telavi was first elected to parliament in 2006 and was re-elected in 2010. He became prime minister on 24 December 2010 and the Telavi Ministry retained government until August 2013. The refusal of prime minister Telavi to recall the Parliament of Tuvalu after the 2013 Nukufetau by-election resulted in a constitutional crisis when he adopted the position that, under the Constitution of Tuvalu, he was only required to convene parliament once a year, and was thus under no obligation to summon it until December 2013. The opposition then requested the Governor-General of Tuvalu, Sir Iakoba Italeli, to intervene against the Telavi's decision. On 3 July, Governor-General Italeli exercised his reserve powers in ordering parliament to convene, against the prime minister Telavi's wishes, on 30 July. On 1 August 2013 Governor-General Italeli again exercised his reserve powers and dismissed Telavi as Prime Minister of Tuvalu and appointed the opposition leader Enele Sopoaga as Tuvalu's caretaker prime minister. A day later, on 2 August 2013, Telavi's government was successfully brought down through a vote of no confidence in parliament. He resigned from parliament in August 2014. He was absent for much of the parliamentary year tending to his sick wife in Hawaii, and he resigned in order to remain at his wife's side. (Full article...)
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Naama Maheu Latasi, Lady Latasi, OBE (died 16 March 2012) was a political figure from the Pacific nation of Tuvalu. She stood for election in the constituency of Nanumea in 1989 and was elected to the Parliament of Tuvalu. Lady Latasi served as Minister of Health, Education and Community Services in the first Government of Prime Minister of TuvaluBikenibeu Paeniu. She was the first female member of parliament in Tuvaluan history. An amazing feat, that served to both pave the way for other aspiring female members of parliament today, but propelled the movement of gender equality. She served in Parliament from 1989 to 1997. Although she was not re-elected in the first 1993 general election but regained her seat in parliament in the second 1993 general election. (Full article...)
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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, underpin economic development, and help the nation achieve greater financial autonomy. The Tuvalu Trust Fund was established in 1987 by the United Kingdom, Australia and New Zealand.
The International Monetary Fund (IMF) 2014 Country Report noted the market value of the Tuvalu Trust Fund dropped during the global financial crisis; however, the IMF 2016 Country Report estimates the total value of the fund had recovered to be AUD$131 million in 2012. The policy of the Tuvuluan government has been to grow the maintained value of the Consolidated Investment Fund (CIF), from which the government can draw funds for government expenditure; during 2016-2020 the government was able to save an average of 6.6% of GDP into the CIF. (Full article...)
Tuvalu, previously known as the Ellice Islands, is an island country in Polynesia in the Pacific Ocean. It consists of six atolls and three reef islands (islands made of rocks from coral skeletons), with a total land area of 26 km2 (10 sq mi). Its climate is hot and humid, with annual rainfall varying from 2,500–3,500 mm (98–138 in). The soil is very weakly developed, consisting mostly of coral sand and calcium carbonate-rich regosols. Vegetation on the islands predominantly consists of coconuts, screw palms, Casuarina, creepers, and grass, although some native forest exists. Previously, the islands were likely covered with Pisonia woodland.
The population of Tuvalu is approximately 10,645 people (2017 Mini Census), but there are estimated to be more than 13,000 Tuvaluan speakers worldwide. In 2015 it was estimated that more than 3,500 Tuvaluans live in New Zealand, with about half that number born in New Zealand and 65 percent of the Tuvaluan community in New Zealand is able to speak Tuvaluan. (Full article...)
Tuvalu's independence was granted to it by the United Kingdom by virtue of the Tuvalu Independence Order 1978 (UK). Tuvalu became an independent constitutional monarchy on 1 October 1978. Charles III - as the King of Tuvalu - is the Head of State, represented by the Governor-General, who is appointed by the King on advice of the Prime Minister of Tuvalu. A written constitution was adopted at independence. In 1986 Tuvalu approved a new constitution that had been developed by the community leaders and the members of the Tuvaluan parliament. In May 2018 a translation of the current Constitution into the Tuvaluan language was completed as part of the Tuvalu Constitutional Review Project. (Full article...)
Image 231st Lt. Louis Zamperini, peers through a hole in his B-24D Liberator 'Super Man' made by a 20mm shell over Nauru, 20 April 1943. (from History of Tuvalu)
Image 34Main Street in Funafuti, (circa 1905). (from History of Tuvalu)
Image 35The atoll of Funafuti; borings into a coral reef and the results, being the report of the Coral Reef Committee of the Royal Society (1904). (from History of Tuvalu)
Image 37Polynesia is the largest of three major cultural areas in the Pacific Ocean. Polynesia is generally defined as the islands within the Polynesian triangle. (from History of Tuvalu)