Papua New Guinea: Country Partnership Strategy (2021–2025)

The overall objective of the Papua New Guinea (PNG) country partnership strategy (CPS), 2021–2025 of the Asian Development Bank (ADB) is to support diversified, sustained, and inclusive growth through three strategic pathways. The first pathway serves to enable diversified economic growth through improvements to infrastructure, including in transport and energy, and to bolster the private sector—such as micro, small, and medium-sized enterprises (MSMEs)—through a more competitive yet transparent business environment, and more ADB-supported private sector transactions. The second pathway supports improving governance, financial management and institutional strengthening across all institutions that ADB engages with in PNG, including state-owned enterprises (SOEs), to improve efficiency and public service delivery and to cope with fragility. This pathway incorporates responding to exogenous shocks, including to the coronavirus disease (COVID-19) pandemic. The third pathway seeks to address inclusivity and build resilience, with a focus on improving human development outcomes, and building resilience to climate and disaster risks.

ADB’s strategy is fully aligned with the government’s Medium Term Development Plan III (2018–2022) (MTDP III), which operationalizes the higher-level Development Strategic Plan 2030 and Vision 2050. The MTDP III has a central focus on infrastructure investment and inclusive and sustainable development.The CPS is well aligned with the country-focused approach of ADB’s Strategy 2030.