World Video | Defence | Foreign Affairs | Natural Events | Trade | NZ in World News | NZ National News Video | NZ Regional News | Search

 


New Boost for Economic Recovery in Tonga

NEWS RELEASE

New Boost for Economic Recovery in Tonga
World Bank Board Approves Grant to Assist Delivery of Health, Education and Other Services for 104,000 People


WASHINGTON, November 15, 2012 - Today the World Bank Board of Directors approved a US$1.8 million grant for Tonga, to help strengthen the economy and improve critical service delivery for its population of 104,000 people.

Over the last four years, Tonga has suffered shocks that have taken a major toll on households and the economy: a dramatic slump in remittances, major natural disasters, and recent food and fuel price hikes, all in the context of the global economic crisis. Funding for essential services has been put at risk, which could jeopardize people's access to schools and hospitals when they are needed most. Extreme poverty among the Tongan people increased by over a third between 2001 and 2009.

“Children going to school, families getting the healthcare they need: these things matter,”
said Ulrich Zachau, World Bank Country Director for the Pacific Islands. “We are pleased to be able to support the Government to help secure these critical gains, through a focus on growth, and on services that benefit all. For communities across the country, access to essential services is crucial in the fight against poverty."

The Second Economic Recovery Operation is the second in a series of grants, designed to assist the government in sustaining key services for the Tongan people. It will also support measures to reduce costs for local businesses by streamlining licensing procedures, and to ensure improvements in public financial management. The operation builds on progress made under the first Tonga Economic Recovery Operation, approved in 2011.

Developed through extensive consultations with government and closely supporting the efforts of other donors and development partners, the operation will be funded by a grant from the International Development Association, the World Bank’s fund for the poorest countries.
For more information on the World Bank in the Pacific, please go to www.worldbank.org/pi


ENDS

© Scoop Media

 
 
 
 
 
World Headlines

 

Bangkok: International Day Against Homophobia, Transphobia, Biphophia

BMA, UN, embassy representatives, civil society and artists stand united with LGBTI Thais on International Day against Transphobia, Homophobia, and Biphobia (IDAHOT) at Bangkok Art and Culture Centre More>>

Displaced Iraqis Face Difficulties As Fighting Continues

UNHCR is concerned about the processing arrangements in place at the Bzabz bridge – a series of pontoons across the Euphrates River which marks the boundary between Anbar province and the capital, Baghdad. Photo: UNHCR/G. Ohara More>>

UNESCO Chief Condemns Killing Of Bangladeshi Blogger

Director-General of the UN Educational, Scientific and Cultural Organization (UNESCO), Irina Bokova. UN Photo/Devra Berkowitz The head of the United Nations agency with a mandate to defend freedom of expression and press freedom worldwide today voiced ... More>>

Philadelphia: Train Crash

Five people have been confirmed dead and more than 136 people injured after an Amtrak train crashed in Philadelphia today at 9.20pm local time.More>>

UN News: Alarming Surge In Bay Of Bengal Crossings

The number of irregular migrants crossing the Bay of Bengal has almost doubled over the past year amid a dangerous uptick in human smuggling and trafficking across the region, according to a new report from the United Nations refugee agency. More>>


Pacific: 5 West Papuan Prisoners Granted Clemency/media Bans Lifted

5 West Papuan prisoners granted clemency/media bans lifted for foreign journalists wanting to visit West Papua. More>>

UN Deplores Deadly Attack On ‘blue Helmets’ In DR Congo

Martin Kobler, the Special Representative of the Secretary-General in the Democratic Republic of Congo (in suit) tells Tanzanian peacekeepers he strongly admires them despite the tragic loss of 2 comrades as they continue to actively protect the population. ... More>>

ALSO:

Liberia On The Way To Being Declared ‘Ebola Free'

Karin Landgren, Special Representative of the Secretary-General for Liberia and Head of the United Nations Mission in Liberia (UNMIL), briefs the Security Council. UN Photo/Mark Garten More>>

ALSO:

UN Labour Agency Set To Ramp Up Operations In Nepal

A man in Goddamchour Lalitpur trying to clear debris from the first floor of his house, as communities look for ways to start rebuilding their lives after the powerful earthquake devastated Nepal. Photo: UNDP Nepal/Laxmi Prasad Ngakhusi More>>

Get More From Scoop

 
 
 
 
 
World
Search Scoop  
 
 
Powered by Vodafone
NZ independent news