Nimmo~ Bell & Compnay Ltd | Link to Home Page  
  About UsAdvisory ServicesInvestment ProjectsNews & PublicationsContact us  
TRUST FUNDS IN THE PACIFIC
 

Brian Bell has acted as New Zealand's representative on the Tuvalu Trust Fund Advisory Committee since its inception in 1987. In July 2003 he joined the Tuvalu Trust Fund Board as a Director. He has also undertaken consultancy work for the Asian Development Bank (ADB) to evaluate options to extending the trust fund concept to outer island development in Tuvalu and the feasibility of establishing trust funds for the Republic of Marshall Islands (RMI), and the Federated States of Micronesia. Together with Mr Jock Struthers, he undertook similar work for the New Zealand Ministry of Foreign Affairs and Trade (MFAT) in Niue and Tokelau.

A Nimmo-Bell team has assisted the Tuvalu Government to implement the trust fund for island development which was successfully completed in 2001. Project preparation and capacity building has been undertaken for the Kiribati Outer Island Trust Fund. The Tokelau Trust Fund is currently being implemented. Nimmo-Bell has conducted social, economic and well being surveys in both Tuvalu and Kiribati.

 

Tuvalu Trust Fund

 
Trust Funds

Purpose:

Augment National Budget

Established:

1987

Size of Fund:

Start: A$27 m
Current: A$70 m

Revenue - average (1998 - 2002):

A$4.6 m

Rev. as % of Govt. Exp. (1998 - 2002):

22%

Nimmo-Bell role:

Advisory Committee Member 1987-2002 & Director 2003 -

 

Sovi Basin Trust Fund - Viti Levu, Fiji

 
Trust Funds

Purpose:

Conservation & community development as an alternative to logging the natural forest

Established (expected):

2004

Size of Fund:

Start: F$3 m

Revenue (expected):

F$0.1 m

Nimmo-Bell role:

Trust Fund design including community consultation for conservation buy-in

 

Kiribati Outer Islands Trust Fund

 
Trust Funds

Purpose:

Outer Island Development

Established (expected):

2003

 

Size of Fund:

Start: A$32 m
Current: -

Revenue (expected):

A$1.3 m

% of Island Council Expenditure:

60%

Nimmo-Bell role:

Design and capacity building

 

Falekaupule Trust Fund - Tuvalu

 
Trust Funds

Purpose:

Outer Island Development

Established:

2000

Size of Fund:

Start: A$11 m
Current: A$15 m

Revenue - average
(2000 - 2002):

A$0.4 m

Nimmo-Bell role:

Design and implementation

 

Banaban Trust Fund - Rabi Island, Fiji

 
Trust Funds

Purpose:

Augment Island Budget

Established:

1981

Size of Fund:

Start: A$10 m
Maximum (1996): A$415 m
Current: A$9 m

Revenue:

A$0.8 m

Nimmo-Bell role:

Restructuring

 

Tokelau Trust Fund

 
Trust Funds

Purpose:

Eventually to augment Recurrent Budget

Established (expected):

2003

Size of Fund:

Start: NZ$4.5 m

Revenue

None, as objective is capital growth

Nimmo-Bell role:

Design and community consultation

 

 

Nimmo~ Bell & Company Ltd - 146 Motuhara Road, Plimmerton, 5026, Wellington, New Zealand
Email brian@nimmo-bell.co.nz :: Ph: +64 4 472-4629 :: Web www.nimmo-bell.co.nz

 
3d Imaging Online Design