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Transforming Tonga: A Private Sector Assessment

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Strategy and Program Assessments

ISBN: 978-971-561-722-2
Pub. Date: 2008
In stock

The current momentum and appetite for change bring the opportunity for Tonga to become one of the more advanced reformers among Pacific Island countries. This private sector assessment provides a framework for private sector–oriented reform that will help improve the Tongan business environment, making it a more attractive and profitable place to invest in, and allowing it to create jobs and bring prosperity throughout the nation.

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Contents

Summary [ PDF: 364kb | 8 pages ]

Chapter 1: The Tongan Economy is Not Achieving its Potential [ PDF: 539kb | 6 pages ]

  1. Tonga's Economy is Underperforming
  2. Causes of Underperformance: Low Returns on Investment
  3. Causes of Underperformance: Constraints on Investment and Growth
  4. Implementing Reform

Chapter 2: Recovering from Two Shocks to the Economy [ PDF: 228kb | 2 pages ]

  1. Two Shocks to the Tongan Economy
  2. The Benefits from Reconstructing Nuku'alofa
  3. Financing Reconstruction
  4. Summary of Recommendations

Chapter 3: Reducing the Presence of the State in the Economy [ PDF: 503kb | 8 pages ]

  1. Tonga has a Large Public Sector
  2. Tonga has 17 State-Owned Enterprises
  3. Solutions
  4. The Government is Already on the Move
  5. Summary of Recommendations

Chapter 4: Improving the Infrastructure [ PDF: 660kb | 8 pages ]

  1. Transportation
  2. Telecommunications
  3. Utilities
  4. Summary of Recommendations

Chapter 5: Rationalizing Commercial Laws and Regulations [ PDF: 383kb | 6 pages ]

  1. Missing Laws and Regulations
  2. The Application of Regulations not Based on Law
  3. Outdated or Overly Complicated Laws and Regulations
  4. Reform has Started
  5. Summary of Recommendations

Chapter 6: Increasing Access to Finance [ PDF: 362kb | 4 pages ]

  1. Financial Markets
  2. The Collateral System
  3. Credit Information
  4. Microloans
  5. Remittances
  6. Other Sources of Finance
  7. Summary of Recommendations

Chapter 7: Land and Private Sector Development [ PDF: 231kb | 2 pages ]

  1. The Importance of Land for Growth
  2. Quasi-Owning and Quasi-Leasing
  3. Mortgages
  4. Land Rights
  5. Summary of Recommendations

Chapter 8: Making Agriculture a Growth Sector [ PDF: 231kb | 2 pages ]

  1. Recent Agricultural Performance Has Been Poor
  2. Problems Unique to Agriculture
  3. Summary of Recommendations

Chapter 9: Implementing Reform in Tonga [ PDF: 119kb | 1 page ]



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