Editing Economy of Tuvalu (section)

===Economic Assessment===
The Asian Development Bank described the Global Economic Crisis (GEC) as impacting on Tuvalu through: “(i) lower demand for Tuvalu seafarers and, therefore, falling remittances; (ii) volatile exchange rate movements affecting the value of remittances, revenues from fishing licence fees, and food prices; and (iii) lower market value of the Tuvalu Trust Fund (TTF), which at the end of May 2010 was about 12% below the maintained value. Thus, as a direct result of the GEC, no distribution was made from the fund to the budget for 2010 and further distributions are unlikely while there is uncertainty in international financial markets.”<ref name="ADB COBP">{{cite web |title= Tuvalu: Country Operations Business Plan (2012-2014) |url= http://beta.adb.org/documents/tuvalu-country-operations-business-plan-2012-2014 |publisher= Asian Development Bank |date= April 2011 |access-date= 4 September 2011 |archive-url= https://web.archive.org/web/20120318035922/http://beta.adb.org/documents/tuvalu-country-operations-business-plan-2012-2014 |archive-date= 18 March 2012 |url-status= dead }}</ref>

The IMF 2010 Country Report describes economic activity in Tuvalu as dampened by lower offshore earnings, with “[t]he economy is expected to have almost no growth in 2010, and growth is projected to be zero or even turn negative in 2011, led by lower government spending, and remain low over the medium term.”<ref name="IMF 2010"/>

The IMF 2014 Country Report noted that real GDP growth had been volatile averaging only 1 percent in the past decade. The 2014 Country Report describes economic growth prospects as generally positive as the result of large revenues from fishing licenses, together with substantial foreign aid, "while, over the  medium to long run, growth prospects may be hampered by the dominance of  inefficient public enterprise in the economy, uncertainty in the fisheries sector, and weak  competitiveness."<ref name="IMF2014">{{cite web|title= Tuvalu: 2014 Article IV Consultation-Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Tuvalu|url= https://www.imf.org/external/pubs/ft/scr/2014/cr14253.pdf|publisher= International Monetary Fund Country Report No. 14/253|date=5 August 2014|access-date=21 March 2016}}</ref>

The IMF 2021 Country Report concluded that swift implementation of [[COVID-19]] containment measures and COVID-related fiscal spending financed by buoyant fishing revenues and donor grants have allowed Tuvalu to avoid a recession in 2020.<ref name="IMF2021"/>