Pacific / Tonga

ADB funds further fiscal resilience in Tonga

12:08 pm on 7 June 2019

The Asian Development Bank has approved a $US5 million grant for Tonga.

The Asian Development Bank (ADB) is an Asia regional development organization dedicated to reducing poverty in Asia and the Pacific. Photo: AFP/ Jay Directo

The grant will fund the third part of the bank's Macroeconomic Resilience Program.

It will help strengthen public financial management, viability reforms of state-owned enterprises, and a stronger remuneration framework for the public sector.