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06 Jan 2023

Tonga: Strengthening Macroeconomic Resilience Program

The program was approved to address the impacts of the pandemic and to continue the reforms under the Tonga Strategic Development Framework (TSDF), 2015–2025. The intended impact of the program was a more inclusive, sustainable, and dynamic knowledge-based economy promoted; a more responsive good governance achieved; and adverse social and economic impact by the COVID‑19 pandemic reduced. Its expected outcome was an enhanced macroeconomic resilience of Tonga.
This report validates the completion report's assessment of the program. IED overall assessment: Less than successful. 

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Independent Evaluation Department, Asian Development Bank
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