ADB investments in Papua New Guinea

Papua New Guinea needs a diverse economy and an enabling business environment to support long-term growth.

ADB investments in Papua New Guinea support private sector activities and economic productivity. ADB’s Pacific Private Sector Development Initiative, which is co-financed by the governments of Australia and New Zealand, provides technical assistance for institutional and business law reforms. These efforts are helping businesses enter the formal economy, access finance to expand, compete fairly, and generate jobs and incomes.

“Papua New Guinea’s Drive For Long-Term Economic Growth” is the third installment in the PNG-ADB partnership.

ADB is contributing to the development of Papua New Guinea’s energy, health, and transport sectors, as well as its drive for financial inclusion and private sector-led development.

ADB and Papua New Guinea have been working together since 1971. And the partnership continues to grow.

Original source: ADB
Published on 1 November 2018