Asian Development Bank and Papua New Guinea: Fact Sheet
Asian Development Bank | April 2014
Abstract
Papua New Guinea (PNG) has partnered with the Asian Development Bank (ADB) since 1971. PNG is the largest public sector borrower in the Pacific region. ADB lending to PNG has increased substantially since 2007, and ADB is now PNG’s second-largest development partner. ADB’s active portfolio totals $1.1 billion, including 22 ongoing loans for 11 projects; 8 grants, including 1 Asian Development Fund (ADF) grant project; 9 technical assistance projects; and 2 private sector loan and equity operations. In 2010, ADB and the Government of PNG agreed on a new country partnership strategy (CPS), 2011–2015. The strategy was developed in close consultation with the government and other stakeholders, and is aligned to the government’s Development Strategic Plan, 2010–2030 and the Medium-Term Development Plan, 2011–2015. The CPS prioritizes transport infrastructure, renewable energy, private sector development, regional cooperation, and rural primary health services. This strategy and the country operations and business plan (COBP), 2014–2016 were confirmed in 2013
Citation
Asian Development Bank. 2014. Asian Development Bank and Papua New Guinea: Fact Sheet. © Asian Development Bank. http://hdl.handle.net/11540/2818. License: CC BY 3.0 IGO.Keywords
Urban Development Finance
Trade Finance
Small Business Finance
Rural Finance
Roundtable on International Trade and Finance
Regional Development Finance
Public Service Finance
Public Finance
Project Finance
Private Finance
Nonbank Financing
Non-Bank Financial Institutions
Municipal Finance
Local Government Finance
Local Currency Financing
Limited Resource Financing
International Financial Institutions
Infrastructure Financing
Industrial Finance
Government Financial Institutions
Government Finance
Financing of Infrastructure
Financial Sector Development
Financial Regulation
Public Sector Infrastructure
Public Sector Management
Public Sector Projects
Taxation
Public Accounting
National Budget
Municipal Bonds
Local Government
Local Taxes
International Monetary Relations
International Financial Market
International Banking
Central Banks
Business Financing
Capital Resources
Budgetary Policy
Capital Needs
Corporate Divestiture
Capital Instruments
Pension Funds
Insurance Companies
Banks
Portfolio Management
Fiscal Administration
Economics of Education
Development Banks
Public enterprises
Public finance
Infrastructure projects
Development projects
Grants
Loans
Use tax
Taxing power
State of taxation
Tax-sales
Tax revenue estimating
Tax planning
Spendings tax
Special assessments
Tax administration and procedure
Sales tax
Real property and taxation
Progressive taxation
Effect of taxation on land use
Effect of taxation on labor supply
Intergovernmental tax relations
Inheritance and transfer tax
Energy tax
Investment of public funds
Intergovernmental fiscal relations
Social infrastructure
Public works
Government lending
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