Tonga’s vulnerability to external shocks together with our inflated cost structures, stemming from our location and world-wide events, require effective macro-economic management. Navigating our ever-changing economic landscape and accelerating pace of change has never been more challenging or necessary. In recent years, we have witnessed shifts in the structure of our economy and in the driving forces which lie behind our economic activities. Adaptation must be our constant companion.

• Strategic Plan 2028 PDF • 1,714 KB

In this environment, the National Reserve Bank of Tonga (NRBT) is at a point where proactive and imaginative macro-economic responses are required. This document, our new Strategic Plan 2028, aligns our organisation with the demands of our swiftly changing environment.

The increasing intensity of external forces, including the volcanic eruption of 2022, the global pandemic, and the worldwide financial crises, requires us to build greater degrees of resilience and learning than were previously required. Adapting to emerging challenges is our paramount duty. The evolving landscape necessitates new policies that foster inclusive and sustainable development. Our frameworks must adapt, our capacities deepen, and our resources grow accordingly.

This Strategic Plan leverages the lessons learned from recent challenges. It supports the resilience of our financial system, strengthens consumer and investor protection, and bolsters support for inclusive and sustainable economic policy development.

However, while the future is complex and uncertain, there are also opportunities. At NRBT, we must accelerate our rate of transformation to take the opportunities, meet the challenges and rise above the expectations of the Tongan people.

As such, our Strategy 2028 not only acknowledges the evolving operating environment but also recognizes the imperative to reshape our methodologies and areas of focus.

The structure of our strategic plan clarifies who we are and what we do. It identifies five key Strategic Goals and their associated 56 Key Strategic Results Areas. In addition, of particular importance, is the prioritization of and planning of six (6) aspects of our work where performance improvement is required. Each aspect of the planned performance improvement areas will be the responsibility of a member of the senior management team.

As Tonga’s central bank, working with our partners, we are committed to a transformative journey for the financial sector focusing on price stability, better macro-economic management and shifting from regulator to enabling financial sector facilitating a more prosperous and resilient future for our nation. The over-arching goal for NRBT is the facilitation of inclusive, sustainable, and resilient development for the benefit of all the people of Tonga.