The Service Sector in Lower-Income Asian Economies

A new ADB working paper looks at the significant contribution of the service sector to the overall economic growth of Bangladesh, Cambodia, Nepal, Papua New Guinea, Uzbekistan, and Viet Nam. Read More

Building a Strong Middle Class in Asia

Investing in training and practical education will stimulate and diversify the job market in Asia - moving the poor into middle class. Watch Video

Two ADB Loans for Port Moresby Power Supply Signed in Delhi

ADB and the Government of Papua New Guinea (PNG) have signed two loans that will help boost electricity access rates in Port Moresby to 74% and extend the city’s power grid to an estimated 3,000 low-income households. Read More

Asian Economies Bounce Back

Developing country economies in Asia are returning to strong growth driven by rising consumption and intraregional trade. Read More

Overview

Papua New Guinea (PNG), the largest developing economy in the Pacific, maintained its position as one of the fastest-growing economies in Asia and the Pacific in 2012, with economic growth of 9.2%.

ADB is PNG’s second largest development partner. The country partnership strategy (CPS), 2011-2015 prioritizes infrastructure (including support for road, seaport, and airport rehabilitation and improvement; and renewable power generation and transmission), private sector development, and regional cooperation.

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

Fact Sheet

Proposed Projects

23 Mar 2011 44109-013: Second Community Water Transport Sector Project
View all proposed

Approved Projects

26 Apr 2013 43197-013: Port Moresby Power Grid Development Project
18 Dec 2012 44375-013: Maritime and Waterways Safety Project
12 Nov 2012 44379-012: Supporting Public Financial Management, Phase 2
27 Jul 2012 43201-012: Regulating and Sustaining Road Transport
19 Apr 2012 41504-024: Improved Energy Access for Rural Communities
View all approved

ADB Lending

Amount ($M) / %
Sector (No. of loans)
190.35 / 11.73
Agriculture (13)
 
55.90 / 3.44
Education (4)
 
100.33 / 6.18
Energy (7)
 
45.10 / 2.78
Finance (5)
 
134.01 / 8.26
Health (9)
 
33.40 / 2.06
Industry and Trade (2)
 
95.80 / 5.90
Public Sector (2)
 
906.48 / 55.85
Transport and ICT (29)
 
45.55 / 2.81
Water Supply (4)
 
16.00 / 0.99
Multisector (3)
 
1,622.91 / 100.00
TOTAL (78)
Cumulative as of 31 December 2012

Publications

May 2013 The Service Sector in Lower-Income Asian Economies

Apr 2013 Asian Development Bank and Papua New Guinea: Fact Sheet

Apr 2013 ADB Annual Report 2012

View all publications

News Releases

1 May 2013 Two ADB Loans for Port Moresby Power Supply Signed in Delhi
22 Apr 2013 ADB Assistance Tops $21.5 Billion in 2012
9 Apr 2013 Developing Asia's Growth Steps Up to 6.6% in 2013
9 Apr 2013 Smaller Pacific Economies Performing Well as Regional Growth Slows - ADB
9 Apr 2013 Asia's Future Prosperity Requires Major Change in Energy Use
View all news releases

Development Effectiveness

September 2010
Papua New Guinea: Building Solid Physical and Social Infrastructure

Quick Links

Fact Sheet
Economic Data
Translations in Tok Pisin

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