Tuvalu, an island country in the Pacific, is the newest member of the World Bank Group. Lotoala Metia, the country’s finance minister, signed June 24 the articles of agreement of the International Development Association and International Bank for Reconstruction and Development.
As a World Bank member, Tuvalu is eligible to receive development expertise from the institution as well as financial assistance, if requested.
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The island country is the world’s fourth smallest nation and the World Bank’s smallest member in terms of land area.
