01794cas a2200241 a 4500 AALejournalIMF013791 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475537628 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Asia and Pacific Dept. Tonga : 2013 Article IV Consultation. Washington, D.C. : International Monetary Fund, 2013. 1 online resource (61 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This staff report on Tonga's 2013 Article IV Consultation discusses the economic development and policies. Banks in Tonga have been fixing their balance sheets since late 2008. Shrinking the loan books and increasing holdings of reserve assets have prompted negative macro-financial linkages, and reduced business confidence. In response, the National Reserve Bank of Tonga has aggressively infused liquidity into the system, and stepped up risk-based supervision. Progress in improving the regulatory and institutional infrastructure has also continued, including inauguration of a credit bureau. Major gains have been made in budget transparency, the establishment of a Treasury Single Account system, and better prioritization of the budget. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2013/234 Full text available on IMF http://elibrary.imf.org/view/journals/002/2013/234/002.2013.issue-234-en.xml IMF e-Library