Tonga’s $15.2 million pa'anga loan repayment due to the EXIM Bank of China, during the 2020-21 financial year, has been deferred to 2021-22, the Minister of Finance, Hon. Tevita Lavemaau, confirmed yesterday 16 February.
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Results for EXIM Bank of China
Wednesday 17 February 2021
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Nuku'alofa, Tonga
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Wednesday 5 December 2018
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Nuku'alofa, Tonga
Tonga’s repayment of its $119 million pa'anga loan from the EXIM Bank of China for the reconstruction of the Nuku‘alofa Central Business District has been deferred for another five years.
Friday 23 November 2018
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Nuku'alofa, Tonga
Tonga was “delighted to join the Belt and Road cooperation,” the Prime Minister Hon. ‘Akilisi Pohiva told President Xi Jinping of China when they met in Port Moresby, Papua New Guinea on November 16, during the 2018 Asia-Pacific Economic Cooperation (APEC) annual meeting, according to the PRC Ministry of Foreign Affairs
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Monday 22 October 2018
Nuku'alofa, Tonga
The Tonga Government will start paying $TOP10.8 million a year during the next ten years, (principal only) of its $TOP119m loan from the Exim Bank of China that was used to fund reconstruction projects after the 2006 riots in Nuku'alofa. The start of the principal repayments has already contributed to a $22.8m decline in Tonga’s foreign reserves in September. Now Tonga is confronting the real cost of the riots.
Thursday 19 February 2015
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Nuku'alofa, Tonga
Tonga's over all Public Debt at the end of January 2015 stood at $392.6 million pa‘anga or 48.4% of its Gross Domestic Product (GDP), according to financial statistics released by the Ministry of Finance this week.
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