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 |
|
 |
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 |
|
 |
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 |
|
 |
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 |
|
 |
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 |
|
 |
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 |
|
 |
|
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
|
|
|
