ADB Sustains Support to Tonga’s Reform Program

The Asian Development Bank is releasing the second $5 million tranche under its Economic Support Program for Tonga.

Launched at the height of the global financial crisis, the program seeks to provide the Pacific country with additional financial resources to safeguard spending for high-priority public services and sustain structural reforms aimed at boosting economic growth.

In a press release dated June 7, ADB noted the improved financial accountability and macroeconomic and revenue forecasting in Tonga.

“It is pleasing to see how the Government of Tonga has taken ownership of economic and fiscal management initiatives,” Adrian Ruthenberg, regional director of ADB’s South Pacific Subregional Office, said in the news release.

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  • Eliza Villarino

    Eliza Villarino currently manages one of today’s leading publications on humanitarian aid, global health and international development, the weekly GDB. At Devex, she has helped grow a global newsroom, with talented journalists from major development hubs such as Washington, D.C, London and Brussels. She regularly writes about innovations in global development.