ADB aims to improve infrastructure and the private sector environment; strengthen governance, financial management, and service delivery; and promote inclusivity while building resilience in Papua New Guinea.

Apr 30, 2024 · Papua New Guinea (PNG) is a resource-dependent, lower middle-income country classified by ADB as a small island developing state in a fragile and conflict-affected situation. Its economy is dominated by the capital-intensive mineral and petroleum extractives sectors and the labor-intensive agriculture sector.

Oct 14, 2024 · The Asian Development Bank (ADB) and the Government of Papua New Guinea (PNG) have agreed on a timebound action plan to accelerate the implementation and enhance the performance of ADB-financed projects, following discussions at the 2024 Country Portfolio Review Mission Roundtable Meeting.

Jan 8, 2019 · ADB Projects in Papua New Guinea Asian Development Bank Under IATI, Asian Development Bank publishes project, or policy-based lending, data of sovereign operations funded with the Asian Development Fund (ADF) or the Ordinary Capital Resources (OCR) in Papua New Guinea.

Aug 22, 2024 · Information on a wide range of statistical indicators on Papua New Guinea’s population, labor force, national accounts, production and price indexes, energy, money and banking, government finance, external trade, balance of payments, international reserves, exchange rates, and external indebtedness.

Jan 29, 2024 · ADB’s active program in PNG currently stands at $1.38 billion. The largest sectors ADB is supporting are transport (roads and civil aviation) with 60% and energy with 20% in response to the large infrastructure gap in PNG.

Following a contraction in 2020, the economy returned to growth in 2021, but only by an estimated 1.3%. Two surges of COVID-19 infections during the year significantly slowed the economic recovery. Having contracted by 21.1% in 2020, mining and quarrying dropped further by an estimated 12.5% in 2021.

Sep 26, 2017 · Looking to the future, ADB will continue to assist PNG in concrete ways. First, given the vast resources and expertise of the private sector, ADB sees an important role for public-private partnerships in developing PNG’s infrastructure and meeting the Sustainable Development Goals.

ADB aims to improve infrastructure and the private sector environment; strengthen governance, financial management, and service delivery; and promote inclusivity while building resilience in Papua New Guinea.

May 25, 2023 · The Papua New Guinea (PNG) Resident Mission was opened in 2003 and provides the primary operational link for activities between ADB and the government, the private sector, civil society stakeholders, and development partners.