Tonga
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Debt Vulnerability
High Risk of external debt distress
Sustainable Development Finance Policy
Performance and policy actions required : Yes
Set-aside applied : No
Non-concessional borrowing ceiling : Zero
Performance and Policy Actions (PPA)
Debt Management
To enhance debt management and limit the risk from contingent liabilities, the Cabinet has approved and the Ministry of Finance has published on its website: 1) a new government on-lending policy which will govern the provision of the on-lending and monitor the credit risk of the beneficiaries and 2) a revised government guarantee policy which will include provision for reporting obligations of borrowing entities.
Debt Management
To improve debt sustainability, the Government will not enter into any contractual obligations for new external public and publicly guaranteed (PPG) non-concessional debt in FY25 except if the non-concessional debt limit is adjusted by the World Bank to a) reflect any material change of circumstances or b) in coordination with the IMF, in particular in line with adjustments in the IMF Debt Limit Policy.
World Bank Lending
| Grant eligibility : | 100% grants | Credit terms : | Not applicable |
Lending amounts by fiscal year (commitments, US$ millions)
- Original Principal value of IBRD Loans
US$ 0.00 million - Original Principal value of IDA Credits
US$ 3.35 million - Original Principal value of IDA Grants
US$ 329.67 million
Data as of: 07/31/2025
Total lending at project level, for the period from FY2017 to FY2025
Debt Data
Total external debt stock
38.6
% of GNI (2022)
Total debt service
11.05
% of exports (goods, services, and primary income,2023)
Country Characteristics
Population, Total
0.10 million
(as of 2024)
GNI, Atlas Method
0.58 billion
(in current US$ as of 2023)
GNI per capita, Atlas Method
5520
(in current US$ as of 2023)