Papua New Guinea and ADB
In the Spotlight
Papua New Guinea needs a diverse economy and an enabling business environment to support long-term growth. ADB investments in the country supports private sector activities and economic productivity.
This COBP focuses on the five priority areas of the CPS: transport, energy, health, water and other urban infrastructure and services, and public sector management.
The new forecast, published in the Asian Development Outlook (ADO) 2018 Update, is down from 2.2% growth projected in April. A weaker outlook for Papua New Guinea (PNG) and Timor-Leste, the Pacific’s largest and third-largest economies, pulled the forecast lower. Growth across the subregion is expected to accelerate to 3.1% in 2019.
Investments in basic services must be complemented by policy and regulatory reforms as well as capacity development to support a shift towards more commercially viable utilities in the Pacific, says the latest issue of the ADB Pacific Economic Monitor.
A Growing Partnership
Papua New Guinea and ADB have been partners in development since 1971, and the collaboration is growing bigger. Watch a new video series exploring contributions to development of the country's energy, health, and transport sectors, as well as its drive for financial inclusion and private sector-led development.
Access to quality health care is a major challenge in Papua New Guinea. The government works with its development partners, like ADB, to make health care more accessible.
Watch how Papua New Guinea's energy investment program is expanding access to electricity and lowering costs.
Learn more about ADB's support for financing sustainable economic growth in Papua New Guinea.
ADB continues to help build resilient, low-carbon countries in the Pacific region, while increasing access to clean, reliable power.
Projects in Papua New Guinea
- Asian Development Outlook 2019–2021
- Building Resilience to Climate Change in Papua New Guinea (additional financing)
- Enhancing ADB’s Support for Social Protection to Achieve the Sustainable Development Goals
- Health Services Sector Development Program, Subprogram 1
- Earthquake Emergency Response Project