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Additional Financing for the Pacific Resilience Project under the Pacific Resilience Program
Details
Project End Date:2025-04-30
Location:Tonga
Category:Goods, Works, Consulting services
Status:Completion and evaluation
Sectors:Macro-Economy & Public Finance, Disaster Reduction & Humanitarian Relief
Contracting authority:
Description
Updated on September 18th, 2018:
(R) Additional Financing for the Pacific Resilience Project under the Pacific Resilience Program
The objective of the Project is to strengthen early warning, resilient investments and financial protection of Tonga. A
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tender Background
About the Funding Agency
The World Bank (USA) is part of an international financial agency that makes loans and grants to governments in low- and middle-income countries to fund capital projects. The United States was a driving force behind the founding of the World Bank in 1944 and it is still the World Bank's largest shareholder today.
The United States contributes to tackling critical international development concerns through the World Bank Group and has a long history of generously supporting the objectives of the World Bank Group and has been a champion of the International Development Association (IDA) which provides low-interest loans and grants to the world's poorest countries. The key U.S. priorities at the World Bank include a multilateral health and economic response to COVID-19, debt sustainability and transparency, promoting governance and fighting corruption, ending energy poverty and supporting a strong emphasis on accountability, transparency and development impact.
About the Sectors
Macro-Economy & Public Finance
Includes initiatives that support macroeconomic stability, sound fiscal policy, and effective management of public financial resources.
Key areas:
- Macroeconomic analysis and policy support
- Public finance management (PFM)
- Government budgeting, taxation, and debt management
- Economic growth and development strategies
Disaster Reduction & Humanitarian Relief
Covers actions aimed at reducing disaster risks and providing emergency assistance to populations affected by natural disasters, conflicts, or humanitarian crises.
Key areas:
- Disaster risk reduction and preparedness
- Emergency response and humanitarian assistance
- Crisis recovery and relief coordination
Locations
Tonga
Tonga is a small island developing state whose economy depends on remittances, agriculture, tourism and external assistance. The country is highly exposed to natural disasters, including cyclones and volcanic events, which periodically disrupt growth and strain public finances. Recent development efforts have prioritised resilient infrastructure, renewable energy expansion and public financial management reforms. Strengthening private sector development and improving connectivity are central to supporting inclusive growth, while climate adaptation remains a core long-term policy challenge.
Nr. of tenders: 6629
Nr. of grants: 1741
Nr. of donors: 372
Nr. of jobs: 12
Nr. of tenders: 6629
Nr. of grants: 1741
Nr. of donors: 372
Nr. of jobs: 12
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