State-Owned Enterprises Reform Program, Subprogram 1: Report and Recommendation of the President

Reports and Recommendations of the President | November 2020
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The program, comprising three subprograms, will improve the operational performance and financial sustainability of state-owned enterprises (SOEs) and help strengthen service delivery. The program is consistent with the Asian Development Bank (ADB) Strategy 2030 operational priorities of strengthening governance and institutional capacity (including SOE reforms to improve service delivery) and accelerating progress in gender equality. The program aligns with priorities of the PNG country partnership strategy, under which ADB will support SOE reform, business environment improvement, and greater competition. The program also aligns with the International Monetary Fund’s (IMF) staff-monitored program for PNG.

The report and recommendation of the President to the Board of Directors (RRP) document describes the terms and conditions of a project for consideration and approval by ADB's Board of Directors.

This document dated November 2020 is provided for the ADB project 53424-001 in Papua New Guinea.