New World Bank data finds that private infrastructure investment in low- and middle-income countries totaled $86 billion in 2023
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Growth in the Pacific subregion for 2020 has been further downgraded as the impact of the coronavirus disease (COVID-19) pandemic continues to squeeze the region’s economies.
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The Asian Development Bank (ADB) and global agribusiness company Olam International Limited (Olam) have signed a $93.75 million loan agreement to support the livelihoods of thousands of smallholder farmers in Viet Nam, Indonesia, and Papua New Guinea by helping them cope with supply chain disruptions caused by the coronavirus disease (COVID-19) pandemic.
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The Asian Development Bank (ADB) has approved a $150 million loan to help Papua New Guinea (PNG) provide affordable, accessible, high-quality health services for all PNG citizens.
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With over 600 islands spanning a total sea area of 3.1 million square kilometers and 65% of its population residing in in coastal areas, Papua New Guinea (PNG) relies heavily on its network of coastal shipping services. Passenger and cargo services allow citizens to access health, education and other services essential for inclusive growth.
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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
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