Retirement Fund Board

Retirement Fund Board signs Deed of Agreement with Tonga Development Bank

The two institutions signed a Deed of Agreement in relation to the sale and purchase of shares in the TDB.

The Tonga Development Bank (Amendment Act) 2019 recently passed in the Legislative Assembly will formalise by necessary legislative changes of the Cabinet decision that TDB is no longer under the Public Enterprises Acts and the change in the Ministerial responsibility for the TDB to be with the Ministry of Finance (MOF).