OFFICIAL ~~~T
RECOMMENDATION OF STA[UTORY CO                 TTEE
TO:    The President, International Development Association
Recommendation of the Committee under Section 1 (d) of Article V of the
Articles of Agreement on the proposed Grant (First Development Policy
Financing) to Tuvalu.
The undersigned Committee constituted under Section 1 (d) of Article V of the
Articles of Agreement of International Development Association (the Association)
hereby submits its recommendation pursuant to said Section in respect of the proposal
that the Association grant to Tuvalu a grant in an amount equivalent to SDR 2,000,000.
The purpose of said operation is to support reforms that strengthen public financial
management and improve the delivery of social services, while providing critical
financing to enable the rebuilding of fiscal buffers.
1.     The Committee has carefully studied the merits of the proposal to grant such a
grant, and of the purpose to which the proceeds of the grant are to be applied.
2.     The Committee is of the opinion that the program in support of which the
proceeds of such grant are to be applied comes within the purposes of the Association as
set forth in Article I of said Articles of Agreement, and that said program is designed to
promote the economic development of the Tuvalu and is of high developmental priority
in the light of the needs of the Tuvalu.


Tuvalu                            - 2 -                First Development
Policy Financing
3.     Accordingly, the Committee finds that said program merits financial assistance
from the Association, and hereby recommends said program for such assistance.
COMMITTEE
Senior Vice President and
Group General Counsel
Nomi e  efected by Governor for
Tuvalu
Regio    ice President
ast Asia and Pacific
ice President, Concessional Finance and
Global Partnerships
Senior Vice Preside  evelopment
Economics and Chief Economist
Dated at Washington, D.C.