Countries and Regions

	Table of Contents
p. 18 of 18 BACK | NEXT I. Country Performance Assessment II. Country Operational Strategy III. Sector Strategies IV. Regional Cooperation V. Donor Activities and Aid Coordination VI. Cofinancing and Catalyzing External Resources VII. ADB’s Operational Program VIII. Economic and Sector Work Program IX. Local Cost Financing

Country Assistance Plans - Tonga

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IX. Local Cost Financing

39. There is limited capacity for domestic resource mobilization due to the variable and often low returns to investment in Tonga. Therefore, the ADB will continue to provide finance for local currency costs as justified and without adversely affecting the exchange rate or the domestic investment environment.

Back VIII. Economic and Sector Work Program	Country Assistance Plans - Tonga