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asian development bank. png

ADB increased operations in PNG by $1 bln

3 mins read

The FINANCIAL — The Asian Development Bank (ADB) has endorsed a new country partnership strategy (CPS) for Papua New Guinea (PNG) covering 2021–2025. A blueprint for ADB’s operations in PNG, the new CPS focuses on developing the transport and energy sectors; reforming state-owned enterprises; promoting private sector development and investment; and assisting the government in achieving their development goals. ADB’s Country Operations Business Plan for 2021–2023 accompanies the new CPS and presents an indicative lending program of $2.9 billion, including projects in the transport, energy, public sector management, education, water and sanitation, and finance sectors. ADB operations in the country…

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ADB increased operations in PNG by $1 bln

3 mins read

The FINANCIAL — The Asian Development Bank (ADB) has endorsed a new country partnership strategy (CPS) for Papua New Guinea (PNG) covering 2021–2025. A blueprint for ADB’s operations in PNG, the new CPS focuses on developing the transport and energy sectors; reforming state-owned enterprises; promoting private sector development and investment; and assisting the government in…