Grant

ADB funds programme to support fiscal resilience, growth in Tonga

“The grant and loan will fund the first of three subprogrammes of the ADB-supported Building Macroeconomic Resilience Programme for Tonga,” said Johannes Wolff, Public Finance Economist from ADB’s Pacific Department.

“The assistance is policy-based, meaning the funds can be released as budget support once policy actions outlined in the programme are successfully completed, as they have been in subprogramme one.”