Asian Development Bank and Papua New Guinea: Fact Sheet | Asian Development Bank

Asian Development Bank and Papua New Guinea: Fact Sheet

Publication | April 2018
Asian Development Bank and Papua New Guinea: Fact Sheet

ADB has worked with Papua New Guinea since 1971 and is the country’s largest multilateral development partner.

ADB’s active portfolio in PNG totals $1.47 billion. ADB priorities in PNG have recently focused on developing transport infrastructure, promoting renewable energy, expanding access to finance, and improving health services.

To respond to PNG’s development needs, ADB will increase its total financing for development projects (lending, nonlending, and cofinancing) to approximately $1.67 billion across 2017–2019. The current programming period includes new infrastructure projects, particularly in the transport sector, that will benefit the poorest and most remote parts of PNG. The proposed projects will help drive inclusive economic growth, improve the delivery of basic services, increase regional connectivity, and build resilience to climate change.