World Bank approves US$5m for Tonga

The World Bank’s Board of Executive directors on April 27 approved US$5 Million to support Tonga’s Second Inclusive Growth Development Policy Operation.

Tonga’s Second Inclusive Growth Development Policy Operation aims to:

• Deliver more competitive and transparent public procurement
• Introduce and monitor budget targets to help ensure fiscal sustainability
• Improve the management of Government Spending on wages
• Prepare a new regulatory framework for the energy sector
• Design more simple and transparent procedures to attract foreign investment and encourage private sector participation in public enterprises.

http://matangitonga.to/2017/05/02/world-bank-approves-us5m-tonga