Tonga’s government will meet today with World Bank officials in Parliament.
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Results for World Bank
Wednesday 25 February 2015
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Nuku'alofa, Tonga
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Thursday 30 October 2014
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Washington, USA.
Tonga's economy is set to receive a boost after the World Bank today approved a second USD$5 million operation to support growth through the government's national development strategy.
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Tuesday 16 September 2014
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Nuku'alofa, Tonga
A new barge, the Talafale was handed over to the Prime Minister Lord Tu’ivakano today to assist with the reconstruction in Ha’apai after the devastation caused by Tropical Cyclone Ian in January.
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Tuesday 12 August 2014
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Nuku'alofa, Tonga
Civil works to resurface and strengthen the runways at Tonga's Fua‘amotu International Airport and Lupepau’u International Airport starting this year, are expecting to be completed in 2015, under a $31 million pa'anga project financed by the World Bank.
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Thursday 17 July 2014
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Sydney, Australia
The World Bank Group today, 17 July launched a $30 million program to help developing countries reduce costs and improve speed and efficiency of trade at their borders by simplifying their customs procedures.
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Thursday 29 May 2014
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Washington DC, USA
The World Bank on 29 May approved a US$12 million in grants and low-interest credits for the reconstruction and repair of hundreds of homes in Ha'apai, and to restore critical community facilities like markets, health centers and schools that were badly damaged by Tropical Cyclone Ian.
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Friday 2 May 2014
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Nuku'alofa, Tonga
A rise in Tonga's Gross Domestic Product in the coming years will be driven primarily by the reconstruction of Ha'apai, according to the IMF 2014 Article IV consultation report on Tonga, which also recommended a broading of the Consumption Tax base.
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Tuesday 22 April 2014
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Nuku'alofa, Tonga
A government decision and a Parliamentary Motion to stop the construction of temporary houses for the victims of Cyclone Ian in Ha'apai has left the reconstruction in limbo, as the government pursues its objective of allowing only the building of 800 permanent houses at a cost of $48 million, even though no one knows where the funding will come from. From the House, by Pesi Fonua
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Saturday 8 March 2014
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Nuku'alofa, Tonga
A review of the safety of Tonga's Transport Sector, to be led by the World Bank and supported by the New Zealand government, could end a stand-off between the two countries over the safety of a Chinese MA60 aircraft that has been operating in Tonga since August last year.
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Wednesday 19 February 2014
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Nuku'alofa, Tonga
The World Bank has announced that it will fund repairs to damaged port, airport and roads in Ha’apai. “Cyclone Ian has caused devastating losses to thousands of people and will require long term efforts to rebuild safer and stronger,” the bank's Director for the Pacific Islands, Franz Dress-gross stated this week.
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Saturday 25 January 2014
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Sydney, Australia
Tonga will be the first to receive an immediate payout of US$1.27 million under the Pacific Catastrophe Risk Insurance Pilot towards the recovery in Ha'apai from Cyclone Ian, the World Bank announced on January 23.
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Friday 3 January 2014
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Nuku'alofa, Tonga
Samoa has been granted US$14.6 Million by the World Bank to improve the resistance of coastal communities against natural disasters.
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Thursday 28 November 2013
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Nuku'alofa, Tonga
The World Bank has announced that it has setup a US$5 million support operation to aid Tonga’s recovering economy.
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Friday 18 January 2013
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Washington, USA
Four years after the onset of the global financial crisis, the world economy remains fragile and growth in high-income countries is weak. Developing countries need to focus on raising the growth potential of their economies, while strengthening buffers to deal with risks from the Euro Area and fiscal policy in the United States, says the World Bank.
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Tuesday 4 December 2012
Nuku'alofa, Tonga
TEN YEARS AGO IN DECEMBER 2012: In Niuatoputapu on Saturday December 1, 2012, Prime Minister of Tonga, Lord Tu'ivakano handed over 34 new houses for the people of Niuatoputapu who lost their homes during the tsunami that followed the Great Samoa-Tonga Earthquakes of 29-30 September 2009. Supported by the World Bank, a total of 73 new houses were constructed as part of the Post-Tsunami Reconstruction Project,
Monday 19 November 2012
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Washington DC, USA
Today (November 15), the World Bank Board of Directors approved a US$1.8 million grant for Tonga, to help strengthen the economy and improve critical service delivery for its population of 104,000 people.
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Friday 15 June 2012
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Nuku'alofa, Tonga
A project to reduce the cost of sending remittances from New Zealand and Australia to Tonga and seven other Pacific islands is succeeding, Kim Hailwood and Jonathan Capal of Developing Markets Associates Ltd, said in Tonga on Wednesday, June 13.
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Wednesday 23 May 2012
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Tokyo, Japan
Growth in developing East Asia and Pacific is strong but slowing, region needs to become less reliant on exports and capture new sources of growth, says World Bank East Asia & Pacific Economic Update.
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Tuesday 17 April 2012
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Washington, USA
Dr. Jim Yong Kim, in response to his selection by the World Bank's Executive Directors as 12th President of the World Bank, spoke of a global consensus around the importance of inclusive growth in a rapidly changing world. He believed there was a need to foster an institution that responds effectively to the needs of its diverse clients and donors, and among other things, "amplifies the voices of developing countries".
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Wednesday 28 March 2012
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Apia, Samoa
On her first visit to Samoa as the new World Bank Regional Vice President for East Asia and Pacific, Pamela Cox told Prime Minister Tuilaepa Aiono Sailele Malielegaoi that the Bank hopes to offer Samoa up to US$100 million in concessional finance and grants over the next five years to increase resilience against shocks and generate opportunities from greater global and regional integration. She said the Bank would encourage private investment and broad-based growth, with a strong focus on helping farmers to improve yields and access new opportunities to sell their products.
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