Asian Development Bank and Tonga: Fact Sheet
Asian Development Bank | April 2015
Abstract
Updated yearly, this ADB Fact Sheet provides social and economic indicators on Tonga as well as concise information on ADB's operations in the country and contact information.
The economy of Tonga is characterized by large volumes of subsistence agriculture, extreme vulnerability to natural hazards, and a heavy reliance on external income (donor aid and remittances). In the medium term, Tonga’s development prospects depend on the continued implementation of structural reforms that will improve economic productivity, remove bottlenecks to growth, and strengthen macroeconomic resilience.
As of 31 December 2014, Tonga has received 15 loans and 7 grants totaling $105.87 million from the Asian Development Fund, and 63 technical assistance projects totaling $22.12 million. Currently active initiatives include six grant projects totaling $68.04 million, and one technical assistance project amounting to $2.68 million.
Citation
Asian Development Bank. 2015. Asian Development Bank and Tonga: Fact Sheet. © Asian Development Bank. http://hdl.handle.net/11540/4033. License: CC BY 3.0 IGO.Keywords
Social Indicators
Macroeconomic Analysis
Governance Approach
Economic indicators
Development Planning
Government
Macroeconomic
Economic development
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