Tonga has joined the Asian Infrastructure Investment Bank (AIIB), becoming its 84th member at an official flag raising ceremony held at the AIIB headquarter in Beijing, China, on 5 February. The AIIB was established in 2016 with $100 billion capital. It was created with the purpose of serving as a regional financing tool for Chinese President Xi Jinping’s “One Belt, One Road” initiative.
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Results for infrastructure development
Monday 8 February 2021
Monday 7 December 2020
The Asian Development Bank (ADB) has approved a USD$45 million grant to help rehabilitate and upgrade the international port at Queen Salote Wharf in Nuku’alofa, ADB announced on December 4.