ADB's Work in Tonga
Shareholding and Voting Power
Number of shares held:
426 (0.004% oof total shares)
40,123 (0.302% of total membership, 7.143% 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 country’s economy is narrowly based and depends heavily on remittances and external assistance to supplement domestic revenue. Tonga’s mediumterm development requires continued implementation of structural reforms to improve productivity, remove bottlenecks to growth, develop disaster resilience, climate-proof infrastructure, and strengthen macroeconomic foundations.
Early morning fishing in Tonga.
(ADB) began working with Tonga in 1972 and has since committed $70.2 million in loans, $121.2 million in grants, and $23.3 million in technical assistance for the country.
Since 2008, ADB has significantly scaled up both its financial and technical support to Tonga, committing $87.7 million in grants and concessional loans, mobilizing $44.9 million in cofinancing, and providing about $8 million in technical assistance.
Cumulative loan and grant disbursements to Tonga amount to $120 million. These were financed by concessional ordinary capital resources, the Asian Development Fund, and other special funds.