Tonga Third Inclusive Growth Development Policy Operation (WB-P159263)

Countries
  • Tonga
Where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
May 16, 2019
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Government of Tonga
The holder of the loan, grant, or other investment.
Sectors
  • Law and Government
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 5.50 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 5.50 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS Aug 21, 2019

Disclosed by Bank Nov 28, 2018


Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description

According to bank documents, "The objectivesareto:(i)Support fiscal resilience by means of strengthened revenue mobilization and strategic fiscal and debt policies;(ii)Support improved government accountability by improving compliance with public procurement regulations, improving budgetary classifications, and improving the adequacy of responses to external audit; and (iii)Support a more dynamic and inclusive economy by adopting investor-friendly foreign investment legislation, improving oversight and private participation in public enterprises, introducing regulation to private sector labor markets, and strengtheningregulatory frameworks in selected sectors"

Investment Description
  • World Bank (WB)
Contact Information

World Bank
Andrew Blackman
+612 9235 6400
Sydney, Australia

Borrower/Client/Recipient
Balwyn Fa’otusia
+676 23066
Ministry of Finance, Kingdom of Tonga

Implementing Agencies
Veiongo Fa’otusia
+676 28120
Ministry of Finance Kingdom of Tonga

ACCOUNTABILITY MECHANISM OF WORLD BANK

The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx .