7 Jun 2019

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.

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.