Negotiation continues on rescheduling Tonga’s loan from China


The rescheduling of Tonga’s T$119 million loan from China for the reconstruction of Nuku’alofa has not been decided, according to Xu Zhiguang, the first Secretary of the Chinese Embassy, Nuku’alofa this afternoon, December 3.

Tonga was scheduled to start repaying its loan to China on 25 September 2013, but Xu Zhiguang said that the negotiation was still on-going and a decision would be announced once the negotiation was concluded.

via Negotiation continues on rescheduling Tonga’s loan from China | Matangi Tonga.