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

 

Breaking: Israel Shelling Beit Hanoun Hospital

The Israeli military have started to shell and shoot at Beit Hanoun hospital. There are still 61 medical staff and civilians, three patients and two International Solidarity Movement volunteers trapped inside. More>>

UN: Urgent Action To End Female Genital Mutilation UN: Urgent Action To End Female Genital Mutilation

New UN data shows need for urgent action to end female genital mutilation, child marriage More>>

World News: SRI LANKA: Justice Denied To Two Child Victims Of Rape
There have been reports of an alleged abduction and rape of an eleven-year-old girl by a group of Navy officers, and of another nine-year-old girl treated in a similar manner. More>>

‘Global Epidemic’ Of Anti-Semitism NGO Urges UN To Condemn ‘global Epidemic’ Of Anti-Semitism

French riot police officers face rioters in Sarcelles, a suburb north of Paris, on July 20, 2014. More>>


IDF Falsifies Photograph To Justify Bombing El-Wafa Hospital IDF Falsifies Photograph To Justify Bombing El-Wafa Hospital

On the 21st July at 2:17 PM, the IDF spokesperson released an image on twitter showing an aerial picture of a building marked as ‘Al-Wafa’ hospital. In the image there is a red circle, which they designated as the location from which a M75 rocket was ... More>>

MH17: Black Boxes Recovered by Malaysian Government

'Following the agreement Prime Minister Najib Razak brokered with rebel leaders, Malaysia has taken custody of flight MH17's black boxes. As the Prime Minister said, they will be passed to the international investigation team for analysis. More>>

ALSO:


Gaza Update On 15th Day Of The Israeli Offensive

Dozens of Palestinian Civilians Killed or Wounded as Israeli Forces Attack Apartment Buildings, Mosques, Hospitals and Schools; White Phosphorous Bombs and Flechette Shells Fired by Israeli Forces in Border Areas... More>>

Al Jazeera: Egypt Verdict Defies Logic And Any Semblance Of Justice

Following today’s verdict in Cairo, Al Jazeera English managing director Al Anstey said: “Today three colleagues and friends were sentenced, and will continue behind bars for doing a brilliant job of being great journalists. More>>


Get More From Scoop

 
 
 
 
 
World
Search Scoop  
 
 
Powered by Vodafone
NZ independent news