ADB's Work in Papua New Guinea
Shareholding and Voting Power
Number of shares held:
9,960 (0.094% of total shares)
49,074 (0.369% of total membership, 0.567% of total regional membership)
Overall capital subscription:
Paid-in capital subscription:
ADB has been working with Papua New Guinea (PNG) since 1971 and is the country’s largest multilateral development partner.
The economy of PNG is dominated by labor-intensive agriculture and capital-intensive extraction of oil and gas, gold, copper, and other minerals. Mining and petrochemicals now account for over 25% of PNG’s gross domestic product and over 80% of its exports. The country continues to face significant challenges in making economic growth more inclusive and sustainable. Many areas of service delivery—such as health, education, transport, energy, and water—remain weak, particularly in rural areas.
Since 1971, ADB has committed loans totaling $2.9 billion, grants of $214.4 million, and technical assistance worth $81.3 million for PNG.
Aerial view of the business district in Port Moresby, Papua New Guinea