New World Bank Support to Help Build a More Resilient, Sustainable Future for Tonga
Tonga, May 16 -- Tongans will benefit from stronger public finances, increased energy efficiency, and enhanced disaster preparedness under a new phase of World Bank support aimed at strengthening fiscal sustainability and resilience to climate shocks and natural disasters. The operation, approved by the Bank's Board of Executive Directors, will support key government reforms to improve public finances and ensure early warning systems and emergency assistance reach those most at risk from natural hazards and climate shocks.Tonga faces some of the highest levels of disaster risk globally, with events like the eruption of Hunga Tonga-Hunga Ha'apai and frequent cyclones disrupting lives, livelihoods, and infrastructure. High fuel costs and a na...
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