Continuing Reform to Promote Growth: Update of the Private Sector Assessment for Tonga

This analysis is a follow-up to Transforming Tonga: A Private Sector Assessment. It assesses until early 2012 in reducing transaction costs and other barriers to growth identified in the 2008 private sector assessment. It concludes that Tonga has been one of the leading reformers in the Pacific in improving its business environment, although it has been impacted by the adverse macroeconomic shocks arising from the global economic crisis.