Papua New Guinea and ADB
In the Spotlight
External and internal factors have coalesced to produce headwinds for Papua New Guinea’s economy and prompt a sharp reduction in the 2015 growth forecast.
The Government of Australia and ADB have established the Pacific Business Investment Facility, an advisory service for Pacific island businesses requiring commercial finance for growth, diversification, or consolidation of their businesses.
This brief provides representatives of national government and regional organizations—and other key decision makers in climate change, development, fisheries, agriculture, environment, and natural resource management in Coral Triangle of the Pacific (CTP) and similar countries—with policy advice to help rural communities adapt to climate change.
As many as four million people may be adversely affected by drought in the Pacific as a result of record-breaking El Niño weather patterns.
ADB has been working with the Government of Papua New Guinea (PNG) since 1971, and is now PNG’s second-largest development partner.
In March 2015, ADB approved the partnership strategy with PNG for 2016-2020, which will support the resource-rich country’s drive to remove infrastructure bottlenecks, and barriers to job and business creation. It will assist PNG in planning and implementing a successful conversion of its resource wealth into inclusive and environmentally sustainable economic growth. ADB will support more inclusive economic growth through investments in transport and energy, lowering business and trade costs, and increasing job and livelihood opportunities, particularly in agriculture.
Projects in Papua New Guinea
No projects in this category were found.
- Supporting Anti-Money Laundering and Combatting the Financing of Terrorism in Papua New Guinea
- Lae Port Development Project
- Bridge Replacement for Improved Rural Access Sector Project
- Lae Port Livelihood and Social Improvement Project
- Extending the Socioeconomic Benefits of an Improved Road Network to Roadside Communities