Government Development Loan

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Aid Division

CEO Balwyn Faótusia of Ministry of Finance and CEO Leta Kami of Tonga Development Bank signing the extension of the Government Development Loan Scheme to be effective for 5 years from 1st October 2020 until 2025. 

The Scheme has been expanded with an additional $5 million bringing the total GDL to $18 million with an objective to assist agriculture, fisheries, tourism, education and other priority sectors including those that were affected by COVID19 and TC Harold.  

Loans will be available at 3% going forward. Over 3,000 beneficiaries have utilized this opportunity during the last 6 years meeting the objectives of the scheme in promoting Tonga’s economic and social development.  Detail information is available from the Tonga Development Bank.

 

 

 

 Press Release document file below: