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Tonga: Supporting Recovery after Dual Shocks Development Policy Operation

Abstract*

The development objectives of Supporting Recovery After Dual Shocks Development Policy Operation (DPO) for Tonga is to: (1) assist firms to maintain business continuity, protect livelihoods and support vulnerable households to maintain their investment in human capital; and (2) lay the foundations for a sustainable economic recovery. The DPO is both urgent and critical, given the magnitude of the economic crisis and the unanticipated financing gap...

* The project abstract is drawn from the PAD, SAR or PGD and may not accurately reflect the project's current nature

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Development Objective

The program development objective is to: (1) assist firms to maintain business continuity, protect livelihoods and support vulnerable households to maintain their investment in human capital; and (2) lay the foundations for a sustainable economic recovery.

Key Details

Project Details

  • P174683

  • Closed

  • Ruth Nikijuluw

  • Kingdom of Tonga

  • Tonga

  • September 29, 2020

  • (as of board presentation)

    December 9, 2020

  • December 18, 2020

  • US$ 0.00 million

  • Ministry of Finance

  • East Asia and Pacific

  • 2021

  • US$ 30.00 million

  • N/A

  • November 28, 2023

  • December 31, 2022

  • BANK APPROVED

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
IDA Grant 30.00

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment N/A
IDA Commitment 30.00
IBRD + IDA Commitment 30.00
Lending Instrument
Grant Amount N/A
Total Project Cost** N/A

Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025

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No data available.
Financier Approval Date Closing Date Principal Disbursed Repayments Interest, Charges & Fees

Detailed Financial Activity as of March 31, 2025

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No data available.
Period Financier Transaction Type Amount (US$)
Dec 23, 2020 IDA-D7430 Loan Disb 30,677,752.00
Dec 9, 2020 IDA-D7430 Loan Commitment 30,000,000.00

Footnotes

Ratings

IMPLEMENTATION RATINGS

No data available.

COMPLETION RATINGS

INDICATORIMPLEMENTATION COMPLETION & RESULTS REPORT: 11-28-2023
OutcomesModerately Satisfactory
Risk to Development Outcome
Bank PerformanceSubstantial
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATORICR REVIEW: 02-28-2024PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome RatingModerately Satisfactory N/a
Risk To Development OutcomeN/a
Bank PerformanceSatisfactoryN/a
Borrower PerformanceN/a
Government PerformanceN/a
Implementing AgencyN/a
Icr QualityHighN/a
M&e QualityN/a

Results Framework

No data available.