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Results for World Bank

Wednesday 2 December 2020

Nuku'alofa, Tonga
Three new classroom buildings for Takuilau College were commissioned by Australian High Commissioner HE Adrian Morrison today, 2 December.
Friday 20 November 2020
Nuku'alofa, Tonga
Despite the hard time that the Tongan economy is going through at the moment, there are some signs of new investment taking shape at the Small Industries Centre at Ma'ufanga. But most of the 64 businesses in operation at the SIC are reeling from the impact of the events of 2020. Recently, the Tonga Asset Managers and Associates Ltd. TAMA has identified a 67% average drop in sales by businesses located at the SIC and only two of the businesses are exporting. By Pesi Fonua.
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Friday 6 November 2020

Nuku'alofa, Tonga
An online remittance service, called ‘Ave Pa’anga Pau TDB Ltd., which will allows Tongans in Australia to send money to Tonga and vice versa, was launched today in Nuku'alofa.
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Wednesday 16 September 2020

New Delhi, India
The World Bank should no longer publish its Doing Business index, owing to its flawed design and vulnerability to manipulation. The Bank also owes the developing world an apology for all the harm this misleading and problematic tool has already caused. By Jayati Ghosh.
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Tuesday 15 September 2020

Nuku'alofa, Tonga
Students at GPS Nuku’alofa, GPS Hoi, and GPS Talafo’ou, are now enjoying their new classrooms that were opened recently. The classrooms were repaired and reconstructed after they were damaged by Tropical Cyclone Gita in 2018.
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Wednesday 26 August 2020

Nuku'alofa, Tonga
Feletoa and Taoa students celebrated the commissioning of their new classrooms at two Government Primary Schools in Vava'u on August 19.
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Tuesday 23 June 2020

Nuku'alofa, Tonga
A payment program to help alleviate financial constraints many poor and vulnerable households are facing to keep their children in school, was launched today in Nuku’alofa. Payment will be made to 1,162 Tongan households to support over 2,000 secondary students through the Conditional Cash Transfer (CCT) Program.
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Friday 15 May 2020

Washington DC, USA
Tonga will receive US$8.4m from the World Bank with US$5.5m allocated to improve management of its public finances, boost resilience to the effects of climate change, and provide better access to skills training for labor opportunities domestically and internationally, and US$2.9m will go towards Tonga's CoViD-19 response.
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Tuesday 5 May 2020

Nuku'alofa, Tonga
Tonga needs to grow its small private sector in order to find a lasting solution for the country's fiscal and development challenges, reports the International Monetary Fund (IMF). Tonga will need to address the structural constraints and main deterrents to investment.
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Friday 24 April 2020

Washington, USA
Overseas remittances are predicted to fall by 13 percent in the East Asia and Pacific region this year affecting countries such as Tonga, due to the economic crisis caused by CoViD-19, according to the World Bank. Migrant remittances to Tonga in 2019 made up 37.6 percent as a share of GDP.
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Wednesday 22 April 2020

Paris, France
The COVID-19 crisis comes at a crucial moment: the beginning of the last decade that we have to act on climate change. Governments are about to spend trillions of dollars to soften the blow from COVID-19. We must not let that money go to waste. When one is being buffeted by a storm of this magnitude, the worst thing one can do is lose one’s compass. But we must use that compass to chart a new course toward an economic model that places human and environmental sustainability at its center. By Bertrand Badré
Wednesday 18 March 2020

Washington, USA
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.
Tuesday 22 October 2019

Washington D.C., U.S.A
Although multilateralism is in crisis, different fates await the multilateral institutions that were created under the Bretton Woods Agreement 75 years ago. While the International Monetary Fund has found renewed relevance in a world of crises, the World Bank has suffered under the poor leadership of a parade of American men.
Thursday 22 August 2019

Nuku'alofa, Tonga
Local business operators will gain an insight into how to win contracts funded by the Asian Development Bank (ADB) and the World Bank (WB), at an upcoming seminar in Nuku'alofa on 29 August.
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Wednesday 10 July 2019

Neiafu, Vava'u
A project to strengthen sustainable management and recover selected commercial, aquaculture, and community fisheries in Tonga, funded by the World Bank was launched on 2 July in Neiafu, Vava’u.
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Wednesday 10 July 2019

Suva, Fiji
The big development issues facing the Pacific region will be debated in a new discussion series called ‘Future Pasifika’, with the first panel on healthy oceans set for July 15, broadcast worldwide from the University of the South Pacific Suva campus in partnership with the World Bank Group.
Sunday 23 June 2019

Nuku'alofa, Tonga
How Tonga is going to effectively use the millions received in grants from foreign aid donors to address its struggling economic situation, was the focus of the debate over the 2019-20 National Budget in the Tongan parliament on Wednesday and Thursday 19-20 June. It is clear that a continuing dependence on foreign aid donors remains the source of economic developments.
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Saturday 11 May 2019

Washington, U.S.A.
Tongans will soon benefit from improved digital access to key public services, including significant upgrades to Tonga’s civil registration and national ID systems, following the approval of a US$4.65 million grant by the World Bank’s Board of Executive Directors today.
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Friday 10 May 2019

Washington, USA
Thousands of communities across the North Pacific will benefit from significant upgrades to maritime infrastructure and improved connectivity following approval today by the World Bank’s Board of Executive Directors of two grants for US$38.5 million and US$33.1 million for the Federated States of Micronesia (FSM) and Marshall Islands, respectively.
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Friday 3 May 2019

Nuku'alofa, Tonga
A workshop to address issues that hinder the delivery of World Bank funded projects in Tonga was opened this morning, 3 May, by the Acting Minister for Finance, Hon Mateni Tapueluelu, at the National Reserve Bank Building in Nuku’alofa.
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