Dr Ngongo Kioa appointed as new Reserve Bank Governor

A former Government of Tonga diplomat and High Commissioner to the United Kingdom has been appointed as the governor for the National Reserve Bank of Tonga.

In a statement, the Chairman and the Board of Directors of the National Reserve Bank of Tonga, Steve Edwards announced the appointment of Dr. Sione Ngongo Kioa as the new Governor of the National Reserve Bank.  It says the appointment will be for a term of 5 years effective from 21 August 2013.

As the 4th Governor of the National Reserve Bank of Tonga, Dr Kioa succeeds Mrs Siosi Cocker Mafi, who completed her 10- year term as Governor on the 5th July 2013. The principal objectives of the Reserve Bank of Tonga are to maintain internal and external monetary stability and promote a sound and efficient financial system.

Dr Kioa brings with him a wealth of more than 31 years of experience. Prior to joining the National

Reserve Bank of Tonga as Governor, Dr Kioa has served as a Board Director for the National Reserve Bank of Tonga and Ports Authority of Tonga. He is the owner and the Principal Consultant for Kioa

Consults, Dr Kioa has more than 10 years of consultancy experience, mostly with the Australian Government (AusAID).

During his 7 years as the Tonga’s High Commissioner to the United Kingdom from 2006 to 2012, Dr Kioa was the Chairman for the Board of Governors of the Commonwealth Secretariat, Tonga’s Representative to the World Trade Organisation and the Ambassador to the European Union. Dr Kioa’s international experience also includes being an Assistant to the Executive Director of the International Monetary Fund from 1999 to 2001. Within the Government Civil Service, Dr Kioa held senior positions including more than three years as Deputy Secretary for Finance, Statistician at the Statistics Department, Project Economist and Deputy Director for the Central Planning Department. In the private Sector, Dr Kioa was once the President for the Tonga Chamber of Commerce whilst being the CEO for the Leiola Group Ltd from 2002 to 2005.

Dr Kioa has a Doctor of Philosophy in Macroeconomics, a Master of Economics and a Graduate Diploma from the Australian National University in Australia. He also holds a Bachelor’s degree in Mathematics and Economics from the University of the South Pacific.

CONVERSATION

Source: Kuo fakanofo ‘a Toketa Ngongo Kioa ko e kovana ia ki he Pangike Pule Fakafonua ‘a Tonga. Fakatatau ki he fakamatala mei he Pangikee na’e fanongonongo ai ‘e he sea ‘o e poate ‘a e kau talekita, Steve Edwards ‘e kamata lau ‘a e ngaue ‘a Kioa mei he ‘aho 21 ‘o ‘Aokosi pea ko ha aleapau ‘eni ‘i he ta’u ‘e 5 pea ‘ata ke fakafo’ou. Ko Kioa ko e kovana ‘aki ia hono fika 4 ‘a e pangikee ni pea ko ‘ene hopo hake ‘eni ki he lakanga hili e lava ‘a e taimi ngaue ‘o e kovana ki mu’a ko Siosi Cocker Mafi i he ‘aho 5 ‘o Siulai. Ko e taumu’a ‘o e pangike pule ke tauhia ‘a e tu’unga maau ‘o e ngaahi me’a fakapa’anga fakalotofonua mo tu’apule’anga pehe ki hano fatu mo tu’uaki ha founga ngaue fakapa’anga ‘oku tolonga mo ne fakafua mai ha ola lelei. Ko Kioa kuo laka ‘i he ta’u ‘e 31 ‘a ‘ene taukei ‘i he mala’e ‘o e me’a fakapa’anga pea ki mu’a he’ene ma’u ‘a e lakanga ni na’a ne hoko pe ko e talekita poate he Pangike Pule mo e Poate Taulanga. Kuo ne ngaue ‘o laka hake ‘i he ta’u ‘e 10 ‘o fai fale’i ki he ngaahi kautaha tautefito ki he Pule’anga ‘Aositelelia mo ‘ene polokalama AusAid. Lolotonga ‘a e ta’u ‘e 7 ‘e ne hoko ko e Hai Komisiona ‘a Tonga ki Pilitania mei he 2006 ki he 2012 na’a ne hoko ai ko e sea ia ‘o e Poate ‘a e kau kovana ki he va’a fakasekelitali ‘a e Kominiueli, fakafofonga ‘a Tonga ki he World Trade Organisation mo ‘amipasitoa ki he European Union. Kau foki ‘i he’ene ngaahi taukei fakavaha’a pule’anga ‘a ene hoko ko e toko taha Executive Director ki he International Monetary Fund mei he 1999 ki he 2001. I he ngaue fakapule’anga na’a ne ‘i he ngaahi lakanga hange ko e Tokoni Sekelitali he Fale Pa’anga, taha fai setisitika he Potungaue Setisitika, Project Economist mo Tokoni Talekita he Potungaue Palani. Na’e hoko foki ‘a Dr Kioa ko e palesiteni ‘o e Tonga Chamber of Commerce ‘a ia ko e taimi ‘eni na’a ne CEO ai ‘i he Leiola Group Ltd mei he 2002 ki he 2005. ‘Oku ma’u ‘e Kioa ‘a e toketa filosefa ‘i he Macroeconomics, Master of Economics mo e Graduate Diploma ‘i he Australian National University mei ‘Aositelelia. ‘Oku ne ma’u foki mo ha tikili ‘i he Fika mo e ‘Ekonomika mei he ‘Univesiti ‘o e Pasifiki Saute.

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