India, Dec. 16 -- MANILA - The Asian Development Bank (ADB) has approved a $9 million grant to expand credit access and unlock business opportunities for women entrepreneurs in Tonga. This initiative will help boost the growth of women-owned and women-led micro, small, and medium-sized enterprises (MSMEs) in the country.
TheWomen Entrepreneurs Leveraging Innovative Finance in Tonga Projectwill support the design of inclusive financial products, tailored support services, and policies that advance private sector development in the country.
"The project is ADB's first finance sector initiative dedicated to women entrepreneurs in Tonga," said the Regional Director of ADB's Pacific Subregional Office Aaron Batten. "It will unlock bank lending...