King Tupou VI of Tonga is welcomed by Chinese President Xi Jinping during a state visit, but the island nation is struggling to repay its loans. Photo: AFP King Tupou VI of Tonga is welcomed by Chinese President Xi Jinping during a state visit, but the island nation is struggling to repay its loans. Photo: AFP
King Tupou VI of Tonga is welcomed by Chinese President Xi Jinping during a state visit, but the island nation is struggling to repay its loans. Photo: AFP

China asked to restructure Tonga’s heavy debts as coronavirus hits tourism

  • IMF says the risk of debt distress in Tonga is high, as Pacific tourism revenues suffer during the pandemic
  • Tonga’s debt repayments are set to increase in 2023-24

Topic |   Coronavirus pandemic
King Tupou VI of Tonga is welcomed by Chinese President Xi Jinping during a state visit, but the island nation is struggling to repay its loans. Photo: AFP King Tupou VI of Tonga is welcomed by Chinese President Xi Jinping during a state visit, but the island nation is struggling to repay its loans. Photo: AFP
King Tupou VI of Tonga is welcomed by Chinese President Xi Jinping during a state visit, but the island nation is struggling to repay its loans. Photo: AFP
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