Tonga First Resilience Development Policy Operation (WB-P171071)

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
Proposed
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.
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 Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
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 Jan 24, 2020

Disclosed by Bank Nov 9, 2019


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

Project Description

According to bank documents, "The proposed program supports policy reforms under three pillars: i) strengthen public finances; ii) enhance resilience to the effects of climate change and natural disasters; and iii) improve skills and labor mobility. To strengthen public finances, policy actions include: the adoption of new revenue services regulations to strengthen revenue compliance and collection; the introduction of a fiscal target for the cash liquidity buffer to support fiscal discipline; and the strengthening of the new public-sector remuneration framework and Performance Management System (PMS). To enhance resilience to the effects of natural disasters, this operation supports: the establishment of an overarching policy framework to enhance the quality and timeliness of future event-specific housing reconstruction programs; and a new policy to improve the management, recording and reportingof public fixed asset. To support improved skills and labor mobility, the operation supports: the adoption of a new TVET sector policy framework to support greater sectoral coordination and alignment between skills training and labor market needs; and the introduction of the nation’s first labor mobility strategy to maximize the development impact of overseas employment opportunities while mitigating the negative social effects."

Investment Description
  • World Bank (WB)
Contact Information

World Bank
Andrew Blackman, Economist

Borrower/Client/Recipient
Kingdom of Tonga
Pohiva Tu'i'onetoa
Minister of Finance
minister@finance.gov.to

Implementing Agencies
Ministry of Finance
Balwyn Faotusia, Chief Executive Officer
bfaotusia@finance.gov.to

 

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 .