[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-110578-en":3,"doc-seo-110578-105":31,"detail-sidebar-cat-0-en-105":92},{"code":4,"msg":5,"data":6},0,"success",{"doc_id":7,"user_id":8,"nickname":9,"user_avatar":10,"doc_module":4,"category_id":11,"category_name":12,"doc_title":13,"doc_description":14,"doc_content":15,"file_id":16,"file_url":17,"file_type":18,"file_size":19,"view_count":20,"is_deleted":4,"is_public":21,"is_downloadable":21,"audit_status":21,"page_count":22,"language":23,"language_code":24,"site_id":25,"html_lang":24,"table_of_contents":26,"faqs":27,"seo_title":28,"seo_description":14,"update_tm":29,"read_time":30},110578,687197207639,"Asher","https://ap-avatar.wpscdn.com/davatar_a8503ba1806abce46bf441b54a3ca4cd",8,"Research & Report","WBG Governor's Statement No. 13 - October 14, 2022 - Statement by the Hon. Hu'akavameiliku, Governor for Tonga","Statement by the Hon. Hu'akavameiliku to the IMF and World Bank Group Joint Board of Governors (2022 Annual Meetings) addresses Tonga’s post-pandemic recovery challenges, including fragile and uneven global conditions, the January 2022 volcanic eruption and tsunami, prolonged border closure, and strained fiscal positions. It highlights inflation pressures, debt-related constraints, and risks for vulnerable groups. The statement prioritizes food and energy security, calls for holistic policy approaches, trade measure reassessment, private capital mobilization, and climate finance urgency to advance resilient development goals and SDG achievement.","Public Disclosure Authorized Public Disclosure Authorized  \nWBG Governor's Statement No. 13  \nOctober 14, 2022  \nStatement by the Hon. HU'AKAVAMEILIKU, Governor of the Fund and the Bank for TONGA  \nStatement by the Hon. Hu'akavameiliku,  \nGovernor of the Fund and the Bank for Tonga  \nMr. Chairman,  \nMr. President of the World Bank Group,  \nMadame Managing Director of the International Monetary Fund, Fellow Governors,  \nDistinguished delegates, Ladies and Gentlemen,  \nIntroduction  \nIt is with great honour and privilege for me, as Prime Minister and Governor of the Bank and the Fund for Tonga, to take this opportunity to address the International Monetary Fund (IMF or Fund) and World Bank Group (WBG or Bank) Joint Board of Governors 2022 Annual Meetings on behalf of the Government of the Kingdom of Tonga.  \nWe gather today, after two years from the onset of the pandemic, the global recovery remains fragile and uneven across countries, regions and sectors. Tonga has coped fairly well in terms of health outcomes during earlier waves of the pandemic. However, we were together with countries who have been hard hit by the third wave, and the catastrophic impact of the volcanic eruption and tsunami in January 2022. As a result, our recovery effort is gradually progressing due to the prolonged closure of our border, devastated and severely stretched fiscal positions; and we are some years away from a return to prepandemic economic and social situations. The scale of the crisis and its long-lasting effects have been greatly evident now and it will be in the coming months and years, particularly its impacts on the most vulnerable in society who are disproportionately affected, including people with disabilities and are unemployed.  \nFurthermore, Tonga is grappling with containing high inflation most of which is imported from its global trading partners and factors beyond its control such as COVID-19 related disruptions on global supplies and shipping services and rising food and energy prices, against the competing priority of continuing to support the economic recovery. Meanwhile, encouraging the utilization of excess liquidity to support economic recovery remains a challenge in the context of high household and corporate indebtedness, the ongoing heightened pandemic-related uncertainties and high vulnerability to external shocks weighing on appetite for investments. Despite that, we remain encouraged by the scale and speed of the response from the WBG and IMF during this difficult time.  \nThe Food and Energy Crisis: Weathering the Storm  \nWe welcome the Bank’s focus on food and energy security, which is more critical especially at this time of difficulties. We also take note of the progress under the SDGs implementation matrix, especially the SDG2 and SDG7, both of them remain weak and how and when they may be achieved remain uncertain. The two issues seem highly interrelated; however, each of them shares individual set of challenges that requires global community to address swiftly and collectively.  \nRegarding the proposed policy priorities for more resilient and efficient food and energy systems. We take note of the efforts to address supply side food challenges and the emphasis on the demand side energy challenges. However, we stress the importance for the approach to be holistic and consider both the demand side of food and affordable energy access. Fossil fuels, in some small countries like Tonga, will still remain an affordable and reliable energy source, in addition to renewable energy options such as wind, battery, hydro, and solar, to address large gaps in energy access. Petroleum, on the other hand, remains a key challenge in the context of transporting and food processing, due mainly to increased cost of distribution and logistics among others. However, we request the Bank (through its regional assistance on PRIF) and other development partners’ assistance in providing strategic solutions on how to address this issue, at l","cbCaimXvZpagTMWY","https://ap.wps.com/l/cbCaimXvZpagTMWY","pdf",346183,3,1,7,"English","en",105,"# Introduction\n## The Food and Energy Crisis: Weathering the Storm\n## Achieving Climate and Development Goals – The Financing Question","[{\"question\":\"Why does Tonga emphasize the fragility of the global recovery?\",\"answer\":\"Tonga notes that after two years since the pandemic began, recovery remains uneven and fragile across countries, regions, and sectors. Tonga also faced severe disruption from the third wave plus the January 2022 volcanic eruption and tsunami, prolonging border closure and worsening fiscal constraints.\"},{\"question\":\"What food and energy priorities does the statement call for?\",\"answer\":\"It welcomes focus on food and energy security and urges a holistic approach addressing both demand-side food and affordable energy access. It also highlights supply-side food efforts and calls for strategic support to manage petroleum-related logistics and to address food insecurity risks in small island contexts.\"},{\"question\":\"How does the statement frame climate finance and financing for development goals?\",\"answer\":\"It stresses that climate finance needs—especially for the most affected countries, largely small island developing states—are overwhelming. It urges mobilizing climate finance from all sources, maximizing climate co-benefits through MDB operations, and mobilizing private capital to close significant SDG financing gaps.\"}]","WBG Governor's Statement No. 13 - October 14, 2022 - Statement by the Hon. Hu'akavameiliku, Governor for Tonga | PDF",1784486089,18,{"code":4,"msg":32,"data":33},"ok",{"site_id":25,"language":24,"slug":34,"title":13,"keywords":35,"description":14,"schema_data":36,"social_meta":87,"head_meta":89,"extra_data":91,"updated_unix":29},"wbg-governors-statement-no-13-october-14-2022-statement-by-the-hon-huakavameiliku-governor-for-tonga","",{"@graph":37,"@context":86},[38,54,69],{"@type":39,"itemListElement":40},"BreadcrumbList",[41,45,49,51],{"item":42,"name":43,"@type":44,"position":21},"https://docshare.wps.com","Home","ListItem",{"item":46,"name":47,"@type":44,"position":48},"https://docshare.wps.com/document/","Document",2,{"item":50,"name":12,"@type":44,"position":20},"https://docshare.wps.com/document/research-report/",{"item":52,"name":13,"@type":44,"position":53},"https://docshare.wps.com/document/wbg-governors-statement-no-13-october-14-2022-statement-by-the-hon-huakavameiliku-governor-for-tonga/110578/",4,{"url":52,"name":13,"@type":55,"author":56,"headline":13,"publisher":58,"fileFormat":61,"inLanguage":24,"description":14,"dateModified":62,"datePublished":63,"encodingFormat":61,"isAccessibleForFree":64,"interactionStatistic":65},"DigitalDocument",{"name":9,"@type":57},"Person",{"url":42,"name":59,"@type":60},"DocShare","Organization","application/pdf","2026-07-30","2026-07-19",true,{"@type":66,"interactionType":67,"userInteractionCount":20},"InteractionCounter",{"@type":68},"ViewAction",{"@type":70,"mainEntity":71},"FAQPage",[72,78,82],{"name":73,"@type":74,"acceptedAnswer":75},"Why does Tonga emphasize the fragility of the global recovery?","Question",{"text":76,"@type":77},"Tonga notes that after two years since the pandemic began, recovery remains uneven and fragile across countries, regions, and sectors. Tonga also faced severe disruption from the third wave plus the January 2022 volcanic eruption and tsunami, prolonging border closure and worsening fiscal constraints.","Answer",{"name":79,"@type":74,"acceptedAnswer":80},"What food and energy priorities does the statement call for?",{"text":81,"@type":77},"It welcomes focus on food and energy security and urges a holistic approach addressing both demand-side food and affordable energy access. It also highlights supply-side food efforts and calls for strategic support to manage petroleum-related logistics and to address food insecurity risks in small island contexts.",{"name":83,"@type":74,"acceptedAnswer":84},"How does the statement frame climate finance and financing for development goals?",{"text":85,"@type":77},"It stresses that climate finance needs—especially for the most affected countries, largely small island developing states—are overwhelming. It urges mobilizing climate finance from all sources, maximizing climate co-benefits through MDB operations, and mobilizing private capital to close significant SDG financing gaps.","https://schema.org",{"og:url":52,"og:type":88,"og:title":13,"og:site_name":59,"og:description":14},"article",{"robots":90,"canonical":52},"index,follow",{"doc_id":7,"site_id":25},{"code":4,"msg":5,"data":93},[94,98,102,106,111,116,120,123,128,131,135],{"id":21,"doc_module":4,"doc_module_name":47,"category_name":95,"show_sort_weight":96,"slug":97},"Story & Novel",90,"story-novel",{"id":48,"doc_module":4,"doc_module_name":47,"category_name":99,"show_sort_weight":100,"slug":101},"Literature",80,"literature",{"id":53,"doc_module":4,"doc_module_name":47,"category_name":103,"show_sort_weight":104,"slug":105},"Exam",70,"exam",{"id":107,"doc_module":4,"doc_module_name":47,"category_name":108,"show_sort_weight":109,"slug":110},5,"Comic",60,"comic",{"id":112,"doc_module":4,"doc_module_name":47,"category_name":113,"show_sort_weight":114,"slug":115},6,"Technology",50,"technology",{"id":22,"doc_module":4,"doc_module_name":47,"category_name":117,"show_sort_weight":118,"slug":119},"Healthcare",40,"healthcare",{"id":11,"doc_module":4,"doc_module_name":47,"category_name":12,"show_sort_weight":121,"slug":122},30,"research-report",{"id":124,"doc_module":4,"doc_module_name":47,"category_name":125,"show_sort_weight":126,"slug":127},9,"Religion & Spirituality",20,"religion-spirituality",{"id":126,"doc_module":4,"doc_module_name":47,"category_name":129,"show_sort_weight":126,"slug":130},"World Cup","world-cup",{"id":132,"doc_module":4,"doc_module_name":47,"category_name":133,"show_sort_weight":132,"slug":134},10,"Lifestyle","lifestyle",{"id":136,"doc_module":4,"doc_module_name":47,"category_name":137,"show_sort_weight":107,"slug":138},19,"General","general"]