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

 

As Health Needs Rise In Somalia, Funding Hits New Low

As health needs rise in Somalia, funding hits new low, cutting off 1.5 million from care – UN More>>

Need To End Violence Against Children In Conflict

‘We should be outraged’ more not being done to end violence against children in conflict – UNICEF chief More>>

On Mandela Day, UN Joins Call To Promote Community Service

Nelson Mandela, then Deputy President of the African National Congress of South Africa, raises his fist in the air while addressing the Special Committee Against Apartheid in the General Assembly Hall. UN Photo/P. Sudhakaran More>>

Some $3.2 Billion Needed For Ebola Recovery Efforts

Some $3.2 billion needed for Ebola recovery efforts in Guinea, Liberia and Sierra Leone – UN More>>

World Day: UN Spotlights Plight Of Vulnerable Populalations

Syrian refugees fleeing the fighting near the Syrian city of Kobani wait in a holding area before boarding buses in Turkey (September 2014). Photo: UNHCR /I. Prickett More>>

Afghanisatan: Direct Talks Between Government And Taliban

The United Nations Security Council has welcomed the recently held direct talks between Afghan Government and Taliban representatives as a step towards “peace and reconciliation” in the region. More>>

Eradicating World Hunger By 2030

Agriculture workers collect carrots on a farm in Chimaltenango, Guatemala. Photo: World Bank/Maria Fleischmann More>>

Bangladesh: Flood Leads To UN Agency Providing Food Relief

Anwar Hossain unloads cartons of High Energy Biscuits from a pickup truck and transfers them to a distribution center in Kawar Khop union, Ramu upazila, Cox’s Bazar, Bangladesh. Photo: WFP/Kamrul Mithon More>>

Ban Says World Must Act Now To Curb Climate Change

Alarmed by melting glacier in Norway, Ban says world must 'act now' to curb climate change More>>

UN Spotlights Data And Technology As Key To Sustainability

The importance of quality data and cutting edge information communication technologies (ICTs) is increasingly critical to the shaping of the future sustainable development agenda, the head of the United Nations Development Programme ( UNDP ) confirmed today. More>>

Get More From Scoop

 
 
 
 
 
World
Search Scoop  
 
 
Powered by Vodafone
NZ independent news