Editing Economy of Tuvalu (section)

==Least developed country status==
The United Nations designates Tuvalu as a [[least developed country]] because of its limited potential for economic development, absence of exploitable resources and its small size and vulnerability to external economic and environmental shocks.<ref name=unohrlls>{{cite web | url= http://www.unohrlls.org/| archive-url= https://web.archive.org/web/20070911202346/http://www.unohrlls.org/| url-status= usurped| archive-date= September 11, 2007|title=United Nations Office of the High Representative for the Least Developed Countries, Landlocked Developing Countries and Small Island Developing States|work=SMALL ISLAND DEVELOPING STATES: Small Islands Big(ger) Stakes|publisher=UN-OHRLLS|year=2011|access-date=1 September 2010}}</ref> Tuvalu participates in the Enhanced Integrated Framework for Trade-Related Technical Assistance to Least Developed Countries, which was established in October 1997 under the auspices of the [[World Trade Organization|World Trade Organisation]].<ref name="UNDP2010">{{cite book |editor= Daniel Gay  |title= Tuvalu Diagnostic Trade Integration Study – 2010 Report |access-date=2 March 2017  |publisher= UNDP Multi Country Office |location= Suva, Fiji |isbn=978-982-304-036-3|url= http://www.enhancedif.org/en/system/files/uploads/tuvalu20dtis20report202010.pdf }}</ref><ref>{{cite web |date=8 January 2010 |title=Tuvalu – Draft Country Review Paper, Implementation in Asia and the Pacific of the Brussels Programme of Action for the Least Developed Countries for the Decade 2001–2010: progress made, obstacles encountered and the way forward |url=https://www.un.org/wcm/webdav/site/ldc/shared/Tuvalu.pdf |url-status=dead |archive-url=https://web.archive.org/web/20140110171007/https://www.un.org/wcm/webdav/site/ldc/shared/Tuvalu.pdf |archive-date=2014-01-10 |access-date=2024-07-04 |publisher=The United Nations}}</ref> In 2013 Tuvalu deferred its graduation from [[least developed country]] status to a [[developing country]] to 2015. Prime Minister [[Enele Sopoaga]] said that this deferral was necessary to maintain access by Tuvalu to the funds provided by the United Nations's [[National Adaptation Programme of Action]] (NAPA), as  "Once Tuvalu graduates to a developed country, it will not be considered for funding assistance for [[climate change adaptation]] programmes like NAPA, which only goes to LDCs". Tuvalu had met targets so that Tuvalu was to graduate from LDC status. Prime minister, [[Enele Sopoaga]] wants the United Nations to reconsider its criteria for graduation from LDC status as not enough weight is given to the environmental plight of small island states like Tuvalu in the application of the [[Environmental Vulnerability Index]].<ref name="RNZ230913">{{cite web |date=23 September 2013 |title=Tuvalu wants changes in assessment of LDC criteria |url=https://www.rnz.co.nz/international/pacific-news/222556/tuvalu-wants-changes-in-assessment-of-ldc-criteria |access-date=4 July 2024 |work=Radio New Zealand International}}</ref>