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ders: none International organization participation: ACP, ADB, C, FAO, IFRCS (observer), IMO, IOC, ITU, OPCW, PIF, Sparteca, SPC, UN, UNCTAD, UNESCO, UPU, WHO Diplomatic representation in the US: Tuvalu does not have an embassy in the US - the country's only diplomatic post is in Fiji - Tuvalu does, however, have a UN office located at 800 2nd Avenue, Suite 400D, New York, NY 10017, telephone: [1] (212) 490-0534 Diplomatic representation from the US: the US does not have an embassy in Tuvalu; the US ambassador to Fiji is accredited to Tuvalu Flag description: light blue with the flag of the UK in the upper hoist-side quadrant; the outer half of the flag represents a map of the country with nine yellow five-pointed stars symbolizing the nine islands Economy Tuvalu Economy - overview: Tuvalu consists of a densely populated, scattered group of nine coral atolls with poor soil. The country has no known mineral resources and few exports. Subsistence farming and fishing are the primary economic activities. Fewer than 1,000 tourists, on average, visit Tuvalu annually. Job opportunities are scarce and public sector workers make up the majority of those employed. About 15% of the adult male population work as seamen on merchant ships abroad and remittances are a vital source of income, contributing around $4 million in 2006. Substantial income is received annually from the Tuvalu Trust Fund (TTF), an international trust fund established in 1987 by Australia, NZ, and the UK and supported also by Japan and South Korea. Thanks to wise investments and conservative withdrawals, this fund grew from an initial $17 million to an estimated value of $77 million in 2006. The TFF contributed nearly $9 million towards the government budget in 2006 and is an important cushion for meeting shortfalls in the government's budget. The US Government is also a major revenue source for Tuvalu because of payments from a 1988 treaty on fisheries. In an effort to ensure financial stability and sustainability, the government is pursuing public sector reforms, including privatization of some government functions and personnel cuts. Tuvalu also derives royalties from the lease of its ".tv" Internet domain name, with revenue of more than $2 million in 2006. A minor source of government revenue comes from the sale of stamps and coins. With merchandise exports only a fraction of merchandise imports, continued relia
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