Papua New Guinea and ADB
In the Spotlight
The Government of New Zealand has provided additional financing of $4.8 million to expand the electricity grid in rural areas of Papua New Guinea (PNG).
Papua New Guinea’s decision to adjust fiscal policy in 2016 is a realistic response to the fall in global commodity prices, however there must also be an efficient and effective execution of the budget to soften the impact of slower growth and to safeguard development achievements.
ADB’s interventions in the Pacific should help countries reduce the high cost of doing business and providing services, develop capacity to manage risks from economic shocks, natural disasters, and climate change, as well as promote the creation of competitive high value-added goods and services.
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.
- Lae Port Livelihood and Social Improvement Project
- Supporting Anti-Money Laundering and Combatting the Financing of Terrorism in Papua New Guinea
- Community Water Transport Project
- Improving Road User Charges and Private Sector Participation in Road Development
- Port Moresby Power Grid Development Project