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 Name||Microfinance and Employment|
|Country||Papua New Guinea|
|Project Type / Modality of Assistance||Loan
|Source of Funding / Amount||
|Strategic Agendas||Inclusive economic growth
|Drivers of Change||Governance and capacity development
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.|
|Description of Outcome|
|Progress Toward Outcome|
|Description of Project Outputs|
|Status of Implementation Progress (Outputs, Activities, and Issues)|
|Geographical Location||Papua New Guinea|
Summary of Environmental and Social Aspects
|Stakeholder Communication, Participation, and Consultation|
|During Project Design|
|During Project Implementation|
|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||Lucich, Milovan Stephen|
|Responsible ADB Department||Pacific Department|
|Responsible ADB Division||Pacific Liaison and Coordination Office in Sydney, Australia|
Bank of Papua New Guinea
Mr Loi Bakani
Douglas St., P. O. Box 121
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|
|Approval||Signing Date||Effectivity Date||Closing|
|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%|
|Cofinancing||0.00||19 Oct 2000||8.48||0.00||100%|
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.
Safeguard Documents See also: Safeguards
Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.
None currently available.
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|
None currently available.
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.
Banking the Unbanked in Papua New GuineaAn ADB-supported initiative has helped lay the foundations for a flourishing microfinance sector in Papua New Guinea, with women being major beneficiaries.
Microbanking in Papua New GuineaA widow and small-time coffee grower in remote Papua New Guinea province is one of thousands of customers benefiting from a successful microbank focused on the needs of the poor.
Rebuilding After a Disaster: Microfinance to the Rescue in Papua New GuineaPeople on Papua New Guinea's remote Manam Island and Madang Province are rebuilding after a disastrous volcanic eruption thanks to better banking solutions. Manam Island, Papua New Guinea - Following devastating volcanic eruptions in October 2004 on remote Manam Island, and the subsequent complete evacuation to the mainland of the island's 10,000 inhabitants, many of the islanders including the Baliau people have returned home and are trying to rebuild their lives.