Tonga
PSDI is supporting reforms that address private-sector challenges and help the Tongan economy fulfill its long-term growth potential.
PSDI is working with the Government of Tonga to:
-
Strengthen the governance and operations of Tonga’s public- and private-sector retirement funds.
-
Simplify and modernize business and investment laws, including foreign investment laws, and streamline business registration processes.
-
Improve the performance of state-owned enterprises (SOEs) and assess public-private partnership (PPP) and privatization opportunities.
-
Support strong competition and consumer protection legislation and policy development, including the establishment of a multi-sector regulator.
-
Analyze and work to remove constraints to women’s full economic participation.
-
Support resilience in the tourism sector.
-
Support reforms through advocacy and analytical work.
For detailed information on PSDI activities in Tonga, download the 2024 PSDI Country Overview here.
Tonga at a glance
Simplified and modernized business laws
Secured transactions framework
12,500 securities registered
South Pacific's largest solar plant
Ports public-private partnership.
Supporting women business owners
Supporting gender mainstreaming in tourism
Latest News
PSDI and MTED held consultations in Vava'u, Tonga in September 2024 to discuss strengthening Tonga's consumer protection framework.
Renewable energy can bring cost savings for Pacific utilities, but achieving these benefits requires strategic planning, careful integration of storage systems, and appropriate regulatory frameworks, according to PSDI SOE/PPP Expert, Laure Darcy, speaking at the Pacific Power Association Conference.
PSDI has been working with the Ports Authority of Tonga since 2018 to improve port operations and increase private sector participation, culminating in a public– private partnership that is making the port’s cargo handling more transparent and efficient.
Pacific island countries have ambitious targets to increase their investments in renewable energy, which will reduce electricity generation costs and improve supply reliability, according to a new policy paper published today by the Pacific Private Sector Development Initiative.
A large group of representatives, including government, business owners, and development partners gathered in Nuku’alofa, Tonga last week for the Tonga National Business Conference where PSDI presented the gender-inclusive private sector enabling environment framework assessment for Tonga.
PSDI is supporting the preparation and execution of a competitive tender for a cargo-handling concession at the port of Nuku'alofa, Tonga.