ADB Approves $21.02 Billion in Financing in 2013

The substantial lending volume reflects Asia’s continued need for development assistance, despite impressive growth and poverty reduction efforts in recent years. Read More

Pacific Growth to Pick Up in 2014

Economic growth in the Pacific is projected to rise to 5.4% in 2014 from 4.8% in 2013, according to ADB's latest Asian Development Outlook 2014, launched in Sydney. Read More

Developing Asia To Extend Steady Growth in 2014

Higher demand from recovering advanced economies will be dampened somewhat by moderating growth in the PRC, says new ADB report. Read More

Middle-income Trap Holds Back Asia's Potential New Tiger Economies

Moving from a low-cost to a high-value economy requires innovative companies, an improved education system, and government incentives. Read More

Overview

ADB’s operational strategy for Papua New Guinea (PNG) is aligned with the government’s Medium-Term Development Plan, 2011-2015. The country partnership strategy, 2011-2015, aims to help PNG plan and implement a successful transition through the conversion of its natural resource wealth into inclusive economic growth.

ADB interventions will support more inclusive growth by creating livelihood opportunities and improving access to basic services, especially in rural areas where 87% of the population live.

Fast Facts

7.26 (2012)
Population in millions

2.8% (2010-2012)
Annual population growth rate

28.0% (2009)
Population living below the national poverty line

Proposed Projects

There are no proposed projects at this time.

ADB Lending

Amount ($M) / %
Sector (No. of loans)
190.35 / 9.79
Agriculture (13)
 
55.90 / 2.88
Education (4)
 
167.03 / 8.59
Energy (9)
 
45.10 / 2.32
Finance (5)
 
149.01 / 7.67
Health (10)
 
33.40 / 1.72
Industry and Trade (2)
 
16.00 / 0.82
Multisector (3)
 
95.80 / 4.93
Public Sector (2)
 
1,145.48 / 58.94
Transport and ICT (33)
 
45.55 / 2.34
Water Supply (4)
 
1,943.61 / 100.00
TOTAL (85)
Cumulative as of 31 December 2013