Asian Development Bank and Papua New Guinea: Fact Sheet

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.

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