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News and Events

1

Government of Tonga and Development Partners

Government of Tonga through its Ministry of Finance hosted the 2019 Government of Tonga and Development Partners’ Forum on 7th June 2019, at the National Reserve Bank of Tonga Building, Nuku’alofa Tonga. The Forum serves as an annual event conducted for the purpose of initiating the required dialogue between the Government of Tonga and Donor Development Partners in support of the ongoing development of the country.

2

Government Development Loans Resume Today

The Ministry of Finance is pleased to announce that the Government Development Loans administered by the Tonga Development Bank (TDB) will resume effective today, 6 June 2019. The public is advised that the Micro Loans to Women will no longer be available from TDB. However, a new Informal Sector Loan Fund will be administered by the Ministry of Trade and Economic Development in a separate agreement with Ministry of Finance where women are still eligible.

3

News Release - The World Bank

WASHINGTON, D.C., May 21, 2019—The World Bank’s Board of Executive Directors has approved a US$5.5 million grant for the last in a series of three operations that are supporting the government of Tonga to improve the management of public finances, enhance government accountability and encourage a more dynamic and inclusive economy.

Tonga: Third operation to support economic resilience, transparent public spending and workers’ security

About MOF

The Ministry of Finance is the central institution with the economic and financial landscape of the Kingdom. For this reason the Ministry has a constant obligation to carefully consider the economic and financial needs of the country and provide Government with sound advice after considering all possible alternatives within the common confines of the limited resource environment. The ministry is guided by its Tonga Strategic Framework Vision: “A better Tonga tomorrow than today with more sustainable growth providing higher incomes and well being for Tongans

Our Minister

Hon. Dr Pohiva Tu’i’onetoa FCA (ANZ)

Fellow Chartered Accountant of Australia and New Zealand

Minister of Finance was appointed on 5th January 2018.

Ministry’s Vision

To deliver its mandate, the Ministry’s vision is to be a high performing Ministry leading in the provision of economic and financial advice to Government and working to provide a better Tonga tomorrow through higher income, employment and opportunities.