FUNDING AGREEMENT BETWEEN THE GOVERNMENT OF AUSTRALIA AND THE GOVERNMENT OF TONGA IN RELATION TO HUNGA TONGA HUNGA HA'APAI VOLCANIC ERUPTION AND COVID-19 RECOVERY
“As Tonga strives to ensure continuity of services and increase the government capacity to support affected communities and the business community, Australia’s timely assistance and funding budget support of AUD$18million to assist with the Hunga Tonga Hunga Ha’apai Volcanic Eruption and Tsunami Recovery plan, COVID-19 assistance to the elderly, vulnerable and affected businesses not to close down” said the Minister for Finance, Hon. Tatafu Moeaki. The budget support will be disbursed in 2 tranches, first tranche of $15million in April and the 2 nd tranche $3m before the end of June 2022. The Exchange of Letters constituting this commitment was signed by the Hon. Tatafu Moeaki and H. E. Rachael Moore, the Australian High Commissioner on 30th March, 2022.