A $14 billion COVID-19 response package has been approved by the World Bank and IFC’s Boards of Directors, to fast-track financing to assist companies and countries efforts to prevent, detect and respond to the fast spread of the virus.
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Results for IFC
Wednesday 18 March 2020
Wednesday 15 February 2017
Tonga's economy is heavily dependent on remittances from Tongan communities overseas, but transferring money to Tonga has become challenging, Tonga's Prime Minister Hon. 'Akilisi Pohiva said yesterday, in launching a new voucher remittance service called 'Ave Pa'anga Pau, offered by the Tonga Development Bank.
Wednesday 3 August 2016
Only 20% of households in the Pacific Islands have access to electricity, and electricity prices in the region are among the highest in the world, the Pacific Power Association Conference in Nuku’alofa, Tonga, was reminded yesterday. Keynote speaker, Kamleshwar Khelawan pointed out that more clarity in governance areas would help to encourage private sector confidence and much needed investment partnerships in the energy sector.
Tuesday 5 November 2013
Tonga has been ranked among the Pacific region's top performers for implementing business reforms over the last year, according to a World Bank Group annual report, however, the reason for the ranking is being questioned by those who look at business performance in Tonga.