Papua New Guinea: News Releases
Read news releases related to Papua New Guinea.
Latest News Releases
Lae Port Gets Lift with Completion Of Phase 1 Upgrade
The first phase of an upgrade of Lae Port is complete, paving the way for a boost in cargo throughput at the country’s most important port.
Revenue Slowdown A Chance To Boost Expenditure Quality – ADB
While PNG’s economic growth will reach near record highs in 2015, government revenue will remain subdued over the coming years, according to the new issue of ADB's Pacific Economic Monitor released today.
Pacific Region Benefitting From Rise of Asian Economies-ADB Report
The Pacific region is benefitting from stronger links with Asia’s growing economies, and can gain more with targeted policy reforms and investments, according to ADB's Pacific Economic Monitor launched today.
Unlocking the Value of Movable Assets Is Key to Pacific Prosperity—New ADB Report
Unlocking the value of “movable property” through legal reform and public online registries key to removing constraints to economic growth and access to finance in developing Pacific island economies a PSDI report says.
Stronger Private Sector Ties Can Boost SOE Performance in PNG - ADB
Engaging the private sector through public-private partnerships and privatization can improve the performance and service delivery of state-owned enterprises, according to a new ADB report.
7,200 Graduates Celebrate Completion of Financial Education Supported by ADB and Australia
Thousands of villagers from Enga Province in Papua New Guinea celebrated the completion of their financial education training in a mass graduation ceremony today—marking another milestone for a Microfinance Expansion Project supported by ADB and Australia.
Developing Asia Fastest Growing Region as Key Economies Advance Reforms
Developing Asia remains the fastest growing region globally despite slower-than-expected growth in major industrial countries as key economies in the region move ahead with structural reforms, says a new ADB report.
ADB Urges Asia to Take Advantage of Global Value Chain Opportunities
Asian economies—having reaped substantial gains from global value chains in the past 25 years—can extend these gains if governments and business work together to reduce tariffs and non-tariff trade barriers, and improve logistics and transport infrastructure, says a new ADB report.
ADB Vice-President Visits PNG To Discuss Private Sector Operations
Asian Development Bank (ADB) Vice-President Lakshmi Venkatachalam arrived today in Port Moresby, Papua New Guinea (PNG), where she will meet with senior government officials for discussions on ADB’s support for private sector development in PNG.
ADB Welcomes New Public–Private Partnership Act in PNG
The Asian Development Bank (ADB) has welcomed a new law making it easier to develop and implement public–private partnerships (PPPs) in Papua New Guinea (PNG). The Public–Private Partnership Act was passed by National Parliament of PNG early this month by a unanimous vote of 67-0.