Asia's Economic Growth Slows

New ADB report lowers region's growth rate to 6 percent on continued global uncertainties and slowing economic activity.  Read More

12 Pillars for the Transformation of Asia and the Pacific Region

Asia and the Pacific has made good progress towards the eight Millennium Development Goals (MDGs), though the region will still need to make greater efforts if it is to meet some important targets. Read More

Asia's Path to Prosperity

Industrialization must be an essential part of the growth formula if Asian countries are to prosper and avoid the 'middle income trap,' says ADB report. Read More

Tepid Demand Slows Growth in Developing Asia

Although advanced economies have largely met expectations, developing Asia’s growth forecast for 2013 has been trimmed to 6.3% from 6.6%, according to newly released ADB data. 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

11 Jun 2013 43141-043: Civil Aviation Development Investment Program - Tranche 2
23 Mar 2011 44109-013: Second Community Water Transport Sector Project
View all proposed

Approved Projects

2 May 2013 46495-001: Strategic Program for Climate Resilience Implementation Project
26 Apr 2013 43197-013: Port Moresby Power Grid Development Project
18 Dec 2012 44375-013: Maritime and Waterways Safety Project
10 Dec 2012 46012-001: Implementation of the Electricity Industry Policy
12 Nov 2012 44379-012: Supporting Public Financial Management, Phase 2
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

Oct 2013 Asian Development Outlook 2013 Update: Governance and Public Service Delivery

Aug 2013 Climate Change Adaptation in the Pacific Coral Triangle

Aug 2013 Disaster Risk Reduction and Management in the Pacific

View all publications

News Releases

2 Oct 2013 Asia Must Step Up Governance Reforms to Sustain Growth and Development
2 Oct 2013 Developing Asia Slowing Amid Global Financial Jitters
21 Aug 2013 Asia Cannot Bypass Manufacturing on Path to Prosperity - ADB Report
16 Jul 2013 Challenge for Asia to Maintain Growth Momentum - ADB Report
2 Jul 2013 State-owned Enterprise Reform Key to Boosting PNG Private Sector - ADB
View all news releases

Featured Project

Promoting Energy Efficiency in the Pacific - Phase 2

Development Effectiveness

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

Photostream

ADB IN ACTION