The IMF conducted a Technical Assistance (TA) mission to assist the National Reserve Bank of Tonga (NRBT) in … enhance monetary policy effectiveness, market development, and safeguard Tonga’s exchange rate peg and financial stability …

of the Tongan economy such as the persistence of domestic output, core inflation and interest rates, as well as Tonga … natural disaster. Finally, the third scenario introduces shocks that represent a significant negative external shock on Tonga …. These shocks were chosen to reflect the sensitivity of Tonga to adverse financial shocks, to their trading partners …

The IMF conducted a Technical Assistance mission to assist the National Reserve Bank of Tonga (NRBT) in modernizing its … IMF assistance and addresses key vulnerabilities in Tonga's monetary policy framework. The mission also aligns with … ongoing Fund surveillance and program priorities. The mission found that the effectiveness of Tonga's monetary policy …

This technical assistance (TA) report presents the outcomes of the multi-year National Reserve Bank of Tonga (NRBT …

Tonga’s economy is expanding steadily, driven by stronger-than-expected grant inflows, elevated remittances, a rebound … banking sector remain contained but have increased and require continued vigilance. Meanwhile, Tonga continues to face …

Tonga's economic activity has strengthened, bolstered by consistent remittance flows, continued tourism recovery, and … inflation is falling below the 5 percent reference rate of the National Reserve Bank of Tonga (NRBT), mainly driven by the …