Tonga: News Releases

Countries in the Pacific should improve their debt monitoring systems and strengthen investment prioritization to better manage the risk of debt distress, says the latest issue of ADB's Pacific Economic Monitor.

ADB has welcomed the United States as the newest member of the Pacific Region Infrastructure Facility (PRIF) during a PRIF agency member leaders meeting today.

ADB's Board of Directors has approved a total financing package of $29.7 million to support the introduction of new vaccines in Samoa, Tonga, Tuvalu, and Vanuatu.

ADB has secured $108 million in funding from the Green Climate Fund (GCF) for its climate change projects, shoring up the bank’s efforts to increase its climate financing for the Asia and Pacific region.

Mr. Masayuki Tachiiri has assumed office as Regional Director of ADB's Pacific Subregional Office in Suva.

ADB forecasts economic growth of 1.1% in the Pacific subregion in 2018, down from earlier forecasts due to disaster-related challenges and declines in public spending.

ADB is expanding its presence in 11 Pacific island countries to enhance the impact of its growing program of assistance in the subregion.

Investments in basic services must be complemented by policy and regulatory reforms as well as capacity development to support a shift towards more commercially viable utilities in the Pacific, according to a new ADB report.

ADB's Board of Directors has approved a $6.8 million grant to help reconstruct and improve disaster resilience of the Nuku’alofa electricity network that was damaged by Cyclone Gita in February 2018.

ADB will support over $1 billion in energy investments in the Pacific between 2018–2021, including 19 projects to help countries in the subregion have better access to quality, affordable, and sustainable energy sources.