Which is better for financing the budget: foreign aid or debt? That is always the question before Pacific island countries (PICs) each year. The dilemma becomes acute when the future is uncertain with mounting public debts and rising debt servicing obligations. By T. K. Jayaraman
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Results for loan from China
Saturday 21 June 2014
Thursday 10 January 2008
The reconstruction of the Nuku'alofa Central Business District has been rescheduled to start in March, according to Sione Taumoepeau, the Chief Executive Officer for the Ministry of Works.
Friday 19 October 2007
Tonga's government this evening committed to a USD$56 million concessional loan from China to help with the reconstruction of Nuku'alofa's Central Business District, using a Chinese leading contractor.