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Tuvalu is an island country in the Polynesian subregion of Oceania in the Pacific Ocean. Its islands are situated about midway between Hawaii and Australia.The first inhabitants of Tuvalu were Polynesians, according to well-established theories regarding a migration of Polynesians into the Pacific that began about three thousand years ago.Long before European contact with the Pacific islands, Polynesians frequently voyaged by canoe between the islands. Polynesian navigation skills enabled them to make elaborately planned journeys in either double-hulled sailing canoes or outrigger canoes.Tuvalu joined the International Monetary Fund (IMF) on 24 June 2010. The IMP 2010 Report on Tuvalu estimates that Tuvalu experienced zero growth in its 2010 GDP, after the economy contracted by about 2% in 2009.GDP grew in 2011 for the first time since the global financial crisis, led by the private retail sector and education spending. The government is the primary provider of medical services through Princess Margaret Hospital on Funafuti, which operates health clinics on the other islands. Banking services are provided by the National Bank of Tuvalu.Tuvaluans are well known for their seafaring skills, with the Tuvalu Maritime Training Institute on Amatuku motu (island), Funafuti, providing training to approximately 120 marine cadets each year so that they have the skills necessary for employment as seafarers on merchant shipping.Government revenues largely come from sales of fishing licences, income from the Tuvalu Trust Fund, and from the lease of its ".tv" Internet Top Level Domain (TLD). The United Nations designates Tuvalu as a least developed country (LDC) because of its limited potential for economic development, absence of exploitable resources and its small size and vulnerability to external economic and environmental shocks. The main island of Funafuti is the focus of travellers, since the only airport in Tuvalu is the Funafuti International Airport and Funafuti is the only island that has hotel facilities.The Tuvalu Media Department of the Government of Tuvalu operates Radio Tuvalu which broadcasts from Funafuti.The Tuvalu Telecommunications Corporation (TTC), a state-owned enterprise, provides fixed line telephone communications to subscribers on each island, mobile phone services on Funafuti, Vaitupu and Nukulaelae and is a distributor of the Fiji Television service (Sky Pacific satellite television service). Funafuti is the only port, but there is a deep-water berth in the lagoon at Nukufetau. The merchant marine fleet consists of two passenger/cargo ships Nivaga III and Manu Folau. The Nivaga III and Manu Folau provide round-trip visits to the outer islands every three or four weeks, and travel between Suva, Fiji and Funafuti three or four times a year. The Manu Folau, a 50-metre vessel, was a gift from Japan to the people of Tuvalu.