ADB's operational strategy for Papua New Guinea (PNG) is aligned with the government's Medium Term Development Plan, 2011-2015. The country partnership strategy (CPS), 2011-2015, aims to help PNG plan and implement a successful transition through the conversion of its natural resource wealth into inclusive economic growth. ADB interventions will support more inclusive growth by creating livelihood opportunities and improving access to basic services, especially in rural areas where 87% of the population lives.
The country operations business plan, 2015-2017, is the fifth under the CPS 2011-2015. The strategy was developed in close consultation with the government and other stakeholders, and is aligned with the government’s Development Strategic Plan, 2010-2030 and Medium-Term Development Plan, 2011-2015. Consistent with the direction of ADB’s Midterm Review of Strategy 2020, support will be focused on supporting rural populations to access the benefits of economic growth by enhanced transport infrastructure and improving access to finance, primary health services, and electricity, which are vital for better rural service provision and income-earning opportunities.
ADB will continue to seek out opportunities for cofinancing and to produce knowledge products that inform and influence national policy debates and support country operations. ADB will also help PNG mitigate the risks of climate change. ADB support for private sector development - through state-owned enterprise reform - will lower business transaction costs, thereby helping expand small- and medium-sized enterprises and create jobs in the formal economy. ADB will mainstream gender in all general intervention projects. ADB will continue to invest directly in the private sector, using loans, equity, and guarantee facilities as appropriate.