Results for Tonga economy

A goal of year round agricultural harvesting of top quality organic vegetables is within reach for Tonga, except that farmers need to understand just how valuable pig shit really is in order to achieve this. A remarkable method of “biogas farming” using pigs and their waste to produce high yield top quality produce could transform subsistence farming incomes. It’s been demonstrated that a properly run biogas farm in Tonga can earn $200,000 or more a year - yet the opportunity is not being fully realized. By Eleanor Gee

Tonga and Forum Island Countries (FIC) will benefit from enhanced regional trade and economic integration under the Pacific Agreement on Closer Economic Relations (PACER) Plus Agreement, with Australia and New Zealand.

Running a business in Tonga is getting harder, according to a new World Bank report titled “Doing Business 2015”. The annual report assesses the “ease of doing business” in countries across the world. Tonga's ranking was dragged down by poor ratings for property registration, difficulties in resolving insolvency and poor shareholder rights.

An August completion report by the Asian Development Bank (ADB) has indicated challenges facing privatization and fiscal sustainability in Tonga.

As an economic slowdown continues, the National Reserve Bank of Tonga has offered SDR relief for commercial banks, to encourage them to reduce interest rates for customers.

The saying that one can’t see the wood for the trees, is so appropriate to our situation in Tonga today. It has been pointed out numerous times, and we can see it with our own eyes, that we are blessed with a good country, where the weather is hospitable, and the soil is so fertile that plants can grow even in the sand. From Matangi Tonga Magazine Vol. 15, no. 3, September 2000.