The risk of debt distress rating for Tonga remains high. Before the pandemic, Tonga’s indebtedness gradually declined from FY20152 to FY2019 owing to much-needed fiscal consolidation efforts. Since 2020, however, the economy has been hit by multiple shocks, including the COVID-19 pandemic, tropical cyclone Harold in April 2020, and the volcanic eruption in January 2022. Against this backdrop, the public debt-to GDP ratio rose in 2020 and 2021, reflecting...
See More
DETAILS
-
2022/07/01
-
Board Report
-
174555
-
1
-
2022/07/28
-
Disclosed
-
Tonga - Joint World Bank-IMF Debt Sustainability Analysis
DOWNLOADS
COMPLETE REPORT
Official version of document (may contain signatures, etc)
-
Total Downloads** : 170
*The text version is uncorrected OCR text and is included solely to benefit users with slow connectivity.
Citation
World Bank.
Tonga - Joint World Bank-IMF Debt Sustainability Analysis (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/099805007272241373