ADB's Work in Tonga
Shareholding and Voting Power
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:
Tonga faces development challenges typical of many small island economies. These challenges include geographic isolation, limited human and financial resources, a small domestic market, high costs of doing business, and inefficient delivery of services. The economy is narrowly based and depends on inflows of remittances and external assistance to supplement domestic revenue.
The Hahake Coastal Protection consists of hard and soft infrastructure interventions to protect the coastline and manage coastal erosion in selected sites on the 8 km of the Hahake (Eastern Tongatapu) coastline
ADB began working with Tonga in 1972 and has recently been focused on resolving the country’s medium-term development issues. This requires continued implementation of structural reforms to improve productivity, remove bottlenecks to growth, develop disaster resilience, climate-proof infrastructure, and strengthen macroeconomic foundations. In response, over the past 12 years, ADB has doubled its committed grants and concessional loans to Tonga and mobilized $88.1 million in cofinancing.
Since 1972, ADB has committed loans totaling $70.2 million, grants of $207.9 million, and technical assistance worth $23.3 million for Tonga. Cumulative loan and grant disbursements to Tonga from concessional ordinary capital resources, the Asian Development Fund, and other special funds amount to $134.4 million.
ADB assistance to Tonga are provided in the form of grants, concessional loans, technical assistance, other concessional financing, and commercial cofinancing arrangements.