an 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 reliance must be placed
on fishing and telecommunications license fees, remittances from
overseas workers, official transfers, and income from overseas
investments. Growing income disparities and the vulnerability of the
country to climatic change are among leading concerns for the nation.
Uganda
Uganda has substantial natural resources, including fertile
soils, regular rainfall, and sizable mineral deposits of copper,
cobalt, gold, and other minerals. Agriculture is the most important
sector of the economy, employing over 80% of the work force. Coffee
accounts for the bulk of export revenues. Since 1986, the government
- with the support of foreign countries and international agencies -
has acted to rehabilitate and stabilize the economy by undertaking
currency reform, raising producer prices on export crops, increasing
prices of petroleum products, and improving civil service wages. The
policy changes are especially aimed at dampening inflation and
boosting production and export earnings. During 1990-2001, the
economy turned in a solid performance based on continued investment
in the rehabilitation of infrastructure, improved incentives for
production and exports, reduced inflation, gradually improved
domestic security, and the return of exiled Indian-Ugandan
entrepreneurs. Growth continues to be solid, despite variability in
the price of coffee, Uganda's principal export, and a consistent
upturn in Uganda's export markets. In 2000, Uganda qualified for
enhance
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