The Asia Pacific Tax Hub will be launched today. The new initiative will be launched during the Asian Development Bank’s (ADB) 54th Annual Meeting held virtually from today till Wednesday..
ADB predicts modest growth for Pacific economies this year ADB predicts modest growth for Pacific economies this year May 03, 2021
The Asian Development Bank expects Pacific Island economies to return to positive growth this year, although at different rates, and with a great deal riding on successful vaccine roll-outs.
Pacific economies contracted by an estimated 5.8% last year due to the effect of the coronavirus pandemic on tourism and trade flows, and construction activity. The region s economies are forecast to recovery to 1.4% this year, and 3.8% in 2022, although this is “contingent on improvements in tourism numbers, commencement of delayed construction projects, and resumption of labor mobility and cross-border trade,” according to the ADB.
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New Delhi: The Asian Development Bank (ADB) today joined the Government of New Zealand and the Government of Tonga to celebrate the completion of two key areas of a major electricity project providing Tongans with safer, more reliable, and more resilient power.
Tonga Power Limited (TPL) CEO Setitaia Pasivaka Chen, New Zealand High Commissioner to Tonga Tiffany Babington, and ADB Pacific Department Director General, Leah Gutierrez all delivered keynote speeches at the event which commemorated the key milestones of the Nuku’alofa Network Upgrade Project.
“Resilient infrastructure for energy is a fundamental building block for any country’s social and economic development, and this is especially critical for small island developing states such as Tonga where climatic events are progressively becoming stronger and more regular,” said TPL’s Mr. Chen. “What has been achieved for areas 1 and 2 of the Nuku’alofa Network Upgrade Project is a significant milestone we can
Press Release – Asian Development Bank NUKUALOFA, TONGA (25 February 2021) The Asian Development Bank (ADB) today joined the Government of New Zealand and the Government of Tonga to celebrate the completion of two key areas of a major electricity project providing Tongans with …
NUKU’ALOFA, TONGA (25 February 2021) The Asian Development Bank (ADB) today joined the Government of New Zealand and the Government of Tonga to celebrate the completion of two key areas of a major electricity project providing Tongans with safer, more reliable, and more resilient power.
Tonga Power Limited (TPL) CEO Setitaia Pasivaka Chen, New Zealand High Commissioner to Tonga Tiffany Babington, and ADB Pacific Department Director General, Leah Gutierrez all delivered keynote speeches at the event which commemorated the key milestones of the Nuku’alofa Network Upgrade Project.
ADB, New Zealand Celebrate Milestones for Safe, Resilient Power in Tonga indiaeducationdiary.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiaeducationdiary.in Daily Mail and Mail on Sunday newspapers.