Tuvalu Joins World Bank Group

A beach at Funafuti, Tuvalu. This island country in the Pacific is the newest World Bank Group member. Photo by: Stefan Lins

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.

The island country is the world’s fourth smallest nation and the World Bank’s smallest member in terms of land area.

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    Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.