High interest rates on loans from banks, particularly from the Tonga Development Bank, have caused concern among business people who say that it further restrains economic development due to a lack of capital funds. Matangi Tonga Magazine Vol. 14, no. 3, July 1999.
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Saturday 27 February 1999
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Nuku'alofa, Tonga
There's no recovery in sight for Tonga’s continuing economic recession. The major players who could either toss the fish from the frying pan into the fire or onto the dinner table are the Tonga National Reserve Bank, the Treasury, the government ministries and the private sector. And the sooner that these players can function in unity, the sooner Tonga can start to pull ahead. Editor's Comment by Pesi Fonua. Matangi Tonga Magazine Vol. 14, no. 1, January 1999.
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