Tonga and ADB
In the Spotlight
With average growth in the Pacific now projected at 2.7% in 2016 and 3.3% in 2017, the lowest since the global financial and economic crisis, policies to reinvigorate and sustain economic activity need to be prioritized, according to the December 2016 issue of the Pacific Economic Monitor.
Set within the context of growing levels of urbanization in contemporary Pacific towns and cities, this publication explains the nature of “urban villages”.
Finding Balance 2016: Benchmarking the Performance of State-owned Enterprises compares the financial performance of SOEs in Fiji, Kiribati, Marshall Islands, Papua New Guinea (PNG), Samoa, Solomon Islands, Tonga, and Vanuatu, as well as Jamaica and Mauritius.
ADB has scaled up its assistance to Pacific countries from about $500 million in 2004 to more than $2 billion by the end of 2015, supporting the construction of infrastructure such as transport, energy, water and sanitation, and information and communication technology.
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.
Projects in Tonga
Population in Tonga, in millions (2015)
Population living below the national poverty line in Tonga (Before 2010)Refers to preliminary/interim figures; or refers to periods before 2010.
Maternal mortality ratio in Tonga, per 100,000 live births (2015)
Average annual population growth rate in Tonga (2010-2015)