Tonga and ADB
In the Spotlight
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Building Resilience is Key to Economic Growth in the Pacific
The economies of countries in the Pacific are expected to recover over the next two years, although building resilience against natural hazards and climate change remains a key priority, according to a new ADB report.
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ADB, GCF, and Australia Partner to Improve Renewable Energy in Tonga
ADB has approved $12.2 million grant for the Renewable Energy Project, which is under the Pacific Renewable Energy Investment Facility. The project will enhance Tonga’s energy security and reduce carbon emissions.
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Pacific Economic Monitor – December 2018
The December 2018 issue of the Pacific Economic Monitor provides an update on developments in 14 Pacific economies, explores topical policy issues in the region over the years, and presents global forecasts for 2019.
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Tonga: Sustaining a Strong Culture While Building the Future
This country brief summarizes how the partnership of ADB and the Tonga government has helped to reduce poverty and is aiding in the country's recovery from the global economic crisis.
The economy of Tonga is highly dependent on subsistence agriculture, extremely vulnerable to natural hazards, and heavily reliant on external income (donor aid and remittances). Its medium-term development depends on the continued implementation of structural reforms to improve productivity, remove bottlenecks to growth, and strengthen macroeconomic resilience.
ADB and other development partners are working closely with the government to implement a multiyear joint policy reform matrix , which will ensure that Tonga’s development priorities are addressed and policy reforms are realized. The medium-term policy goals for the government include maintaining macroeconomic stability—particularly in light of high public debt—and improving economic management. Policy reforms also seek to achieve sustained economic growth led by the private sector, while maintaining the country’s health and education standards.
Latest
New We-Fi Financing to Enhance ADB's Support for Women-Led SMEs in Viet Nam and Pacific
ADB has received $20.19 million from the Women Entrepreneurs Finance Initiative (We-Fi) to support women-led small and medium-sized enterprises (WSMEs) to access critical financing and training in Viet Nam and the Pacific.
Empowered Women Will Drive Economic Growth in the Pacific — ADB
Making it easier for women in the Pacific to start businesses and gain formal employment will improve livelihoods and create more open and productive economies, says a recently released book by ADB.Agreements Signed to Further Expand ADB Presence in Pacific
ADB and the governments of Kiribati, Tonga, and Tuvalu have signed Host Country Agreements, confirming the establishment of Country Offices to enhance the impact of ADB’s growing assistance programs in these countries ...