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

Asian Economies Bounce Back

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

Growth Slows in the Pacific Region

Economic expansion has slowed in the Pacific region but there are bright spots on the horizon, according to a newly published report. Read More

PNG's Growth to Remain Strong but Protection Needed against Future Shocks

The medium-term growth outlook for Papua New Guinea remains strong, but provisions must be made to allow the economy to withstand future shocks, says ADB’s Pacific Economic Monitor. 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

21 Mar 2013 34121-013: Community Water Transport Project
21 Mar 2013 40037-013: Lae Port Development Project
21 Mar 2013 40037-022: Lae Port Livelihood and Social Improvement Project
21 Mar 2013 40037-043: Lae Port Development Project - Additional Financing
21 Mar 2013 40173-023: Highlands Region Road Improvement Investment Program - Project 1
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

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

Apr 2013 ADB Annual Report 2012

Apr 2013 Asian Development Outlook 2013: Asia's Energy Challenge

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

ADB IN ACTION