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World Bank Unveils New Support Plan for Tonga |
| Source: |
radioaustralianews.net.au |
| Source Date: |
Tuesday, October 26, 2010 |
| Focus: |
Information Access
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| Country: |
Tonga |
| Created: |
Oct 31, 2010 |
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The World Bank has announced a new strategy of support for Tonga, to reduce the impact of economic shocks on the country and assist with longer term growth and development opportunities.
The Bank aims to provide up to $US50 million dollars in grant funding to Tonga over the next four years.
Ferid Belhaj, the Bank's Country Director for Timor-Leste, Papua New Guinea and the Pacific Islands, says the amount is significantly more than the $US33 million dollars that has been committed since Tonga joined the World Bank in 1985.
"$US50 million is a sizable amount and as mentioned it's more than the Bank has delivered to Tonga since Tonga joined the Bank," he said.
"This being said, we hope that money will carry with it knowledge and experience in education, health, infrastructure and energy, so that we can really make a difference."
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World Bank Unveils New Support Plan for Tonga The World Bank has announced a new strategy of support for Tonga to reduce the impact of economic shocks on the country and assist with longer term growth and development opportunities
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