Papua New Guinea and ADB
In the Spotlight
ADB is scaling up its assistance in the Pacific, with our active portfolio growing from $500 million in 2004 to $2.6 billion at the end of 2017.
Growth in the Pacific is expected to remain weak in 2018, as economic and political uncertainties, fiscal challenges, and natural disasters hold back some of the region’s larger economies. Papua New Guinea's economy will grow slow to 1.8% following an earthquake in February, says a new ADB report.
Cumulative ADB assistance to the country rose sharply from $1.27 billion in 2009 to $2.13 billion in 2015, making ADB the country’s largest multilateral development partner, according to a country brief.
Papua New Guinea (PNG) has been pursuing a range of development goals in recent years. These include improvements to transport infrastructure, renewable energy, health, water and other urban infrastructure, and public sector management. The Government of PNG has also placed emphasis on environmental sustainability, private sector development, gender equity, and knowledge management.
The country partnership strategy, 2016-2020 for PNG is aligned with the government’s Development Strategic Plan 2010-2030, the National Strategy for Responsible Sustainable Development, and the country’s medium-term development plans.
Read the ADB and Papua New Guinea fact sheet.
Projects in Papua New Guinea
- Asian Development Outlook 2015
- Enhancing Transparency and Exchange of Information for Tax Purposes
- Assessing Trade Facilitation and Transport Logistics Performance in the Pacific
- Supporting Anti-Money Laundering and Combatting the Financing of Terrorism in Papua New Guinea
- Tax Policy and Administration Research and Capacity Development