ADB began working with Tonga in 1972 and has since committed loans totaling $70.2 million, grants of $154.2 million, technical assistance worth $22.2 million, and ADB-administered cofinancing of $84.4 million for Tonga. Cumulative loan and grant disbursements to Tonga amount to $164.7 million.
Number of shares held:
426 (0.004% of total shares)
39,540 (0.297% of total membership, 0.457% of total regional membership)
Overall capital subscription:
Paid-in capital subscription:
Australia is a founding member of ADB, which was established in 1966. For more than five decades, ADB and Australia have been partners in providing assistance to the bank’s members through cofinanced programs and projects.
The Pacific Approach, 2021–2025 serves as ADB’s operational framework in the region and as its partnership strategy for the 12 small Pacific island countries.
The rollout of vaccines to protect children against cervical cancer, pneumonia, and rotavirus has begun in Samoa, Tonga, and Tuvalu.
The risk of “de-risking” – the process of international banks disassociating from financial partners, such as small remittance providers and local banks – is that it could push people out of the financial system completely.