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Kingdom of Tonga - First Economic Reform Support Development Policy Operation

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Washington DC, November 18, 2013—The World Bank's Board of Executive Directors today approved the following project.

Kingdom of Tonga - First Economic Reform Support Development Policy Operation

IDA Grant: US$2.5 million equivalent
IDA Credit: US$2.5 million equivalent
Terms: Maturity = 40 years; Grace = 10 years

Project ID: P144601

Project Description: The objective of the project is to improve the mobilization and use of public resources while addressing constraints to private sector development.