30 Aug 2010

Tonga in line for World Bank funding

1:24 pm on 30 August 2010

Tonga is to get just over $US37 million in assistance from the World Bank over the next four years.

Radio New Zealand International reports the money will go towards post-tsunami reconstruction in Nuiatoputapu, budget support, an energy road map and the Tonga cable project.

The World Bank will also manage a Tongan transport sector grant of nearly $US10 million from the Australian Government.

As well, a further $US10 million in budgetary support will be available to the incoming Government over the next two years if economic and financial reforms continue to be implemented through that period.