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World Bank approves US$5m for Tonga

The World Bank’s Board of Executive directors on April 27 approved US$5 Million to support Tonga’s Second Inclusive Growth Development Policy Operation.

Tonga’s Second Inclusive Growth Development Policy Operation aims to:

  • Deliver more competitive and transparent public procurement
  • Introduce and monitor budget targets to help ensure fiscal sustainability
  • Improve the management of Government Spending on wages
  • Prepare a new regulatory framework for the energy sector
  • Design more simple and transparent procedures to attract foreign investment and encourage private sector participation in public enterprises.

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Isolina Boto
3 May 2017

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