Trust Funds for improved governance and economic performance in developing countries
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The outstanding success of the Tuvalu Trust Fund (TTF) in providing a stream of
revenue to overcome a chronic budget deficit and encourage economic self reliance
has led the Government of Tuvalu to extend the trust concept to outer island
development. This paper looks at the role of trust funds in economic development in
Pacific Island Countries including a brief review of relevant country experience. The
success factors of the TTF are outlined along with how the trust fund concept is being
adapted to bottom up community based development in Tuvalu. Lastly, possible
future directions are explored.