Papua New Guinea: Microfinance and Employment

Sovereign Project | 32472-013 Status: Closed

Latest Project Documents

Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.

The Public Communications Policy (PCP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.

The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.

In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.

Project Name Microfinance and Employment
Project Number 32472-013
Country Papua New Guinea
Project Status Closed
Project Type / Modality of Assistance Loan
Source of Funding / Amount
Loan 1768-PNG: Microfinance and Employment
Asian Development Fund US$ 9.60 million
Strategic Agendas Inclusive economic growth
Drivers of Change Governance and capacity development
Knowledge solutions
Private sector development
Sector / Subsector

Finance - Inclusive finance

Gender Equity and Mainstreaming Some gender elements
Project Rationale and Linkage to Country/Regional Strategy The Project was listed in ADB's Country Assistance Plan (1999-2001). The Project complements the modern financial services sector catering to the current formal sector. The Project supports the Government's development program, which is in line with the Bank's operational strategy for PNG, and has the overriding priority of faciliating institutional capacity building of microfinance institutions and improving governance.
Project Outcome
Description of Outcome
Progress Toward Outcome
Implementation Progress
Description of Project Outputs
Status of Implementation Progress (Outputs, Activities, and Issues)
Geographical Location Papua New Guinea
Safeguard Categories
Environment C
Involuntary Resettlement
Indigenous Peoples
Summary of Environmental and Social Aspects
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
During Project Design
During Project Implementation
Business Opportunities
Consulting Services The Project will require an estimated 144 person-months of international consulting services to assist capacity building of microfinance service providers, curriculum development and training of microfinance service providers, microfinance product development and institutional capacity building, and establishing a revolving refinance facility. Local consultants to support Project implementation, and training and on-site counselling of staff of microfinance service providers will render 240 person-months of services. The international consultants will be engaged as a team from a firm.
Procurement Procurement of vehicles, computers, and other office equipment will be subject to international shopping procedures. Furniture, training materials, and relevant service contracts, each below US$ 100,000 equivalent, will be awarded on the basis of direct purchase procedures.
Responsible ADB Officer Milovan Lucich
Responsible ADB Department Pacific Department
Responsible ADB Division Pacific Liaison and Coordination Office in Sydney, Australia
Executing Agencies
Bank of Papua New Guinea
Mr Loi Bakani
Douglas St., P. O. Box 121
Port Moresby
Papua New Guinea
Concept Clearance 08 Mar 1998
Fact Finding 19 Mar 2000 to 30 Mar 2000
MRM 31 May 2000
Approval 19 Oct 2000
Last Review Mission -
PDS Creation Date 28 Nov 2006
Last PDS Update 22 Apr 2010

Loan 1768-PNG

Approval Signing Date Effectivity Date Closing
Original Revised Actual
19 Oct 2000 26 Feb 2001 20 Sep 2001 31 Dec 2006 30 Jun 2010 18 Nov 2010
Financing Plan Loan Utilization
Total (Amount in US$ million) Date ADB Others Net Percentage
Project Cost 9.60 Cumulative Contract Awards
ADB 9.60 19 Oct 2000 8.20 0.00 97%
Counterpart 0.00 Cumulative Disbursements
Cofinancing 0.00 19 Oct 2000 8.48 0.00 100%
Title Document Type Document Date
Microfinance and Employment Project Project/Program Completion Reports Sep 2011
Microfinance and Employment Project Reports and Recommendations of the President Sep 2000

Safeguard Documents

See also: Safeguards

No documents found.

Evaluation Documents

See also: Independent Evaluation
Title Document Type Document Date
Papua New Guinea: Microfinance and Employment Project Validations of Project Completion Reports Dec 2012

Related Publications

No documents found.

The Public Communications Policy (PCP) establishes the disclosure requirements for documents and information ADB produces or requires to be produced in its operations to facilitate stakeholder participation in ADB's decision-making. For more information, refer to the Safeguard Policy Statement, Operations Manual F1, and Operations Manual L3.

Requests for information may also be directed to the InfoUnit.