Asian Development Bank and Papua New Guinea: Fact Sheet
ADB supports Papua New Guinea in developing infrastructure projects that will drive inclusive economic growth, improve delivery of basic services, increase regional connectivity, and build resilience to climate change.
The bank's priorities in PNG have recently focused on improving health services, developing transport infrastructure, promoting renewable energy, expanding access to finance. Cumulative loan and grant disbursements to PNG from regular and concessional ordinary capital resources, the Asian Development Fund, and other special funds amount to $2.05 billion.
To manage the key risks associated with an expanded lending pipeline for PNG, ADB will focus on improving project readiness and introduce risk-based procurement measures.
ADB expects to potentially increase its program to about $2.7 billion for PNG across 2021–2023.
Updated yearly, this ADB Fact Sheet provides concise information on ADB's operations in the country and contact information.