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Additional $20 million for Disaster Recovery and Economic Reform in Tonga

17 June, 2022. – The World Bank’s Board of Executive Directors has approved US$20 million (approximately TOP46 million) of Supplemental Financing in addition to the US$19 million committed and disbursed this financial year through the Tonga Second Resilience Development Policy Operation (DPO) with a Catastrophe-Deferred Drawdown Option (Cat-DDO).

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Tonga Business Accelerator Pilot Project

11 June, 2022. The Ministry of Trade and Economic Development (MTED) has successfully implemented a Tonga Business Accelerator Pilot – Recovery project, with the support from the Pacific Labour Facility (PLF) and the Market Development Facility Pacific Regional, a private sector development initiative funded by the Australian and New Zealand Governments.

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