The Asian Development Bank (ADB) has agreed to provide $4.5 million from its Asian Development Fund to support the Government of Tonga's efforts to achieve fiscal stability and improve the country's long term growth prospects:


This funding builds on successful government efforts to improve public sector financial management, expand Tonga's revenue base, strengthen the governance and management of its state-owned enterprises, and improve the overall business climate. The program will improve program budgeting, introduce small business and deep sea mining tax regimes, partially privatize the government-owned hotel, strengthen corporate governance measures and improve the insolvency regime, which will help businesses and creditors to better manage their risks.


$4.5 million from the concessional Asian Development Fund.

This page was generated from on 10 October 2015