The risk of debt distress rating for Tonga remains high. Before the pandemic, Tonga’s indebtedness had gradually declined from FY20152 to FY2019 owing to much-needed fiscal consolidation. Since 2020, however, the economy has been hit by multiple shocks. In response, the international community has stepped up financial support to Tonga through grants, concessional loans, and debt service suspensions. Thus, the debt increased and remained elevated until...
Voir la suite
INFORMATION
-
2024/11/01
-
Rapport aux Administrateurs
-
195580
-
1
-
2024/12/12
-
Disclosed
-
Tonga - Joint World Bank-IMF Debt Sustainability Analysis