More effective, consistent government investments in the health, education, and wellbeing of Pacific people will ultimately deliver sustained economic and social benefits to the region, a new World Bank report into public spending in the Pacific has found. “If the report’s suggested reforms are implemented, Pacific countries could deliver government revenues and budget savings equivalent to between three and 43 percent of GDP. These resources could represent a unique chance for increasing education, healthcare, and other necessary public investments across the region – which would mean more opportunities and better outcomes for Pacific people,” said Stephen Ndegwa, World Bank Country Director for Papua New Guinea and the Pacific Islands.
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Results for World Bank report
Thursday 18 May 2023
Nuku'alofa, Tonga
Thursday 13 March 2014
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Nuku'alofa, Tonga
“Hardship” is the new word describing poverty in the Pacific Islands, where “the label of poverty is considered culturally inappropriate,” according to a report released by the World Bank this week, that highlights the increasing concerns over the vulnerability of many people living in its 11 member countries.
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Wednesday 30 March 2005
Nuku'alofa, Tonga
The Tongan economy is not shaping up well in comparision with other Pacific islands and other economies in the Asia Pacific region, according to World Bank indicators.
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