World Bank Group to Unlock Private Investments, Create Jobs, and Strengthen Resilience in Tonga
Tonga, Oct. 1 -- The World Bank Group has approved support for a package of policy measures in Tonga that is expected to generate hundreds of additional, better-paying jobs while helping create new opportunities across the economy. The program aims to strengthen the foundations for private sector-led growth, expand economic opportunities for Tongans, and help country make better use of its public, human, and natural resources.Economic opportunities remain limited, with more than one in four young Tongans not in employment, education or training, underscoring the need for action to boost productivity, strengthen resilience, and help more people participate in the economy.The Tonga First Growth and Jobs Development Policy Financingis the firs...
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