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

 

Israel’s Demolition Of Palestinian Homes

Makarim Wibisono, Special Rapporteur on the situation of human rights in the Palestinian territories. UN Photo/Violaine Martin More>>

ALSO:

  • Palestinian Centre For Human Rights - Israeli Settlers Continue Their Attacks against Palestinians
  • Tribespeople Call On WWF To Stop Funding Abuse

    This Baka man from Ndongo village reported that he was severely beaten by anti-poaching squads on two occasions. His neighbors have appealed to WWF to stop funding such abuses. More>>

    Ebola: UN Crisis Response Mission Opens New Office In Mali

    Workers build an enclosure at the Mayagba Ebola community care centre construction site in Bombali District, which is among the areas worst affected by the disease in Sierra Leone. Photo: UNICEF/John James More>>

    ALSO:

    UNESCO Chief Denounces Murder Of Somali Radio Journalist

    Director-General of the UN Educational, Scientific and Cultural Organization (UNESCO), Irina Bokova. UN Photo/Devra Berkowitz More>>

    Palestinian Refugees From Syria Face Worsening Situation

    Palestinian women at a UNRWA distribution centre in the Jaramana refugee camp, Damascus, Syria. Photo: UNRWA/Carole Alfarah More>>

    ALSO:

    Greece Risks Prolonged Social Crisis

    Greece’s severe financial crisis has bred social unrest and intolerance of the nearly one million irregular migrants living in the country (October 2012). Photo: IRIN/Kristy Siegfried More>>

    Madagascar: Warning Of ‘rapid’ Spread Of Plague In Capital

    Ny Hantra Andriatsifasoa survived the bubonic plague after being infected in Madagascar in 2011. Photo: IRIN/Tiana Randriaharimalala More>>

    New Bird Flu Strain In Europe Threatens Poultry Sector

    24 November 2014 – The United Nations Food and Agriculture Organization ( FAO ) today warned that a new bird flu strain detected in Europe poses a significant threat to the poultry sector, especially in low-resourced countries situated along ... More>>


    Get More From Scoop

     
     
     
     
     
    World
    Search Scoop  
     
     
    Powered by Vodafone
    NZ independent news