Tonga and ADB
In the Spotlight
-
Uncertainties Delaying Economic Recovery in the Pacific
Growth in the Pacific is expected to remain weak in 2018, as economic and political uncertainties, fiscal challenges, and natural disasters hold back some of the region’s larger economies. Damage caused by Cyclone Gita which hit Tonga is projected to push the economy into a slight contraction, says a new ADB report.
-
ADB Provides Additional $1 Million for Tonga Cyclone Response
ADB has provided $6 million to the Government of Tonga to help fund priority early recovery activities following the onslaught of Tropical Cyclone Gita, which tore through Tongatapu, Tonga on 12 February. ADB is also providing an additional $1 million, in the form of a grant.
-
Pacific Economic Monitor - December 2017
This latest issue highlights the gains of Pacific developing member countries and the challenges that these countries continue to face including the impacts of climate change.
-
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
ADB supports Tonga to strengthen the country’s capacity for macro fiscal management and in improving its long-term growth prospects through structural reforms and major transformative infrastructure projects.
Asian Development Bank and Tonga: Fact Sheet
Pacific island countries need to build their fiscal and economic resilience to climate change and natural disasters as these have lasting consequences on their livelihoods, economies, and fiscal balances.
Economic and Fiscal Impacts of Disasters in the Pacific
Uncertainties Delaying Economic Recovery in the Pacific
Growth in the Pacific is expected to remain weak in 2018, as economic and political uncertainties, fiscal challenges, and natural disasters hold back some of the region’s larger economies.
