Sovereign Funds (SFs) are often the largest single asset owner and investor in the Pacific Islands, and the income stream from these funds can also be a large part of fiscal revenues.

The purpose of the evaluation is to deliver an evidence base that can guide New Zealand government decisions regarding improvements to be made to the Tonga Programme, identify lessons to apply to ongoing and future work in Tonga, contribute to informing the future strategic direction, and assess the achievements of the Tonga Programme.

Five years on from the adoption of ‘A Public Financial Management Roadmap for Forum Island Countries’, a roadmap for Public Financial Management (PFM) reform in Forum Island Countries, this report examines experiences of PFM reform in two Pacific island countries in order to inform future improvements.

The Pacific is home to some of the countries most at risk from the effects of climate change. It is now also home to countries that are leading the world in reducing their fossil fuel consumption and shifting to renewable sources of electricity generation.

This evaluation identifies what is working and what is not in order to improve the Tonga Police Development Programme management and implementation, and achievement of results, for the remaining duration of its current phase.