ADB and World Bank open new joint office in Tonga

NUKU’ALOFA – December 3, 2019: 1.40pm (DEVDISCOURSE): The Asian Development Bank (ADB) and the World Bank Group have opened a new ADB–World Bank joint office in Nuku’alofa.

Prime Minister of Tonga Hon Dr Pōhiva Tu’ionetoa, joined representatives from the two organisations at the opening.

The new office marks a significant increase in the development institutions’ presence in Tonga and the Pacific region.

“ADB and World Bank financing have helped Tonga achieve real development results,” Prime Minister Dr Tu’ionetoa said.

“The new shared field presence of the two institutions will allow us to collectively better respond to the development needs of the people of Tonga.”

The extended presence from both ADB and the World Bank in Tonga will enable the two institutions to provide more effective support and responsiveness on the ground; maintain a regular and close dialogue with government, civil society, project beneficiaries, and other stakeholders on development issues; and allow both organisations to share resources effectively.

ADB’s Pacific Country Office (PCO) in Tonga assists the government in implementing its development strategy. ADB’s programme in Tonga focuses on investments in energy, information and communications technology, transport, and water and urban infrastructure that will reduce the costs of key services and improve overall productivity.

“Together, ADB and Tonga have made good progress in renewable energy, information, and communications technology, policy-based budget support, and building resilience against climate change,” said ADB Deputy Director-General for the Pacific James Lynch.

“Challenges remain as we continue to support broad-based economic growth and efficient access to basic services.”

ADB began working with Tonga in 1972 and has since committed $70.2 million in loans and $121.2 million in grants. Since 2008, ADB has significantly scaled up both its financial and technical support to Tonga, committing $87.7 million in grants and concessional loans and mobilizing $44.9 million in co-financing.

Since Tonga joined the World Bank in 1985, the World Bank has provided US$233.82 million in financing comprised of US$55 million in International Development Association credits and US$178.8 million in grants.

The World Bank has also significantly scaled up its financial and technical support to Tonga. Currently, the World Bank supports seven active projects in Tonga representing US$129.17 million in commitments.

“The World Bank has had a relationship with the government of Tonga for over 30 years and our partnership sees us supporting Tonga in sectors including fisheries, transport, skills and education, digital development, resilience, and budget support,” said Mona Sur, Manager of Operations for the World Bank in the Pacific Islands and Papua New Guinea.

“We are very pleased to be able to continue supporting transformational projects in Tonga and working with our development partners on joint projects, such as our communications & technology project, which was co-financed with the ADB and helped to significantly increase access and reduce costs of internet services across the Kingdom,” said Sur..

  • PACNEWS

 

Leave a Reply

Your email address will not be published. Required fields are marked *