Reserve Bank of Tonga - Annual Report 2007/08

The Tongan economy has returned to modest growth during 2007/08 following several large shocks to the economy in previous years, says Siosi Mafi, the governor of the National Reserve Bank of Tonga, in the central bank's latest Annual Report.

Mafi says that a return to economic stability so shortly after the civil unrest in November 2006, as well as a poor agricultural season and large-scale redundancies in the civil service, reflects well on policymakers. She says that the central bank played its

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