ADB Inaugurates New Office in PNG as Partnership Expands
3 years ago tngadmin Comments Off on ADB Inaugurates New Office in PNG as Partnership Expands
Prime Minister of Papua New Guinea Mr. Peter O'Neill joined Asian Development Bank (ADB) Pacific Department Director General Ms. Carmela Locsin and ADB Country Director for Papua New Guinea (PNG) Mr. David Hill in inaugurating the new premises of ADB's Papua New Guinea Resident Mission today.
ADB has been our strong development partner since 1971, said Mr. O'Neill. For almost 50 years now, we have worked together to improve transport infrastructure, expand access to renewable energy and health services, and raise living standards for the people of Papua New Guinea.
ADB's Papua New Guinea Resident Mission assists the government in implementing its Development Strategic Plan 2010�2030. ADB's support is guided by its Country Partnership Strategy (CPS) with PNG for 2016�2020, which focuses on removing infrastructure bottlenecks and barriers to job and business creation in the country.
ADB's Papua New Guinea Resident Mission has boosted our responsiveness, allowed us to better align our programs to those of the government, and enabled us to expand our cooperation with other development partners, said Ms. Locsin. We are now implementing about $1.8 billion worth of projects and programs with the government.
PNG is home to both the largest population and economy in the Pacific subregion. In 2017, gross domestic product reached $23.1 billion and the country's population was about 8.2 million. PNG recorded its 9th consecutive year of economic growth in 2017.
ADB works with the Government of Papua New Guinea to improve transport infrastructure, renewable energy, health, water and other urban infrastructure, and public sector management. The PNG government has also placed emphasis on environmental sustainability, private sector development, gender equity, and knowledge management.
For instance, the ADB-supported PNG Health Services Sector Development Programcombines a policy-based operation and project financing to support sector reforms and investments in PNG, enabling long-term sustainability and effective use of the country's health sector financing. The program will support the delivery of accessible, affordable, and high-quality health services in PNG.
The ADB-supported Civil Aviation Development Investment Program is connecting people, goods, and essential services across PNG's most challenging terrain. The project is strengthening the country's land and air aviation infrastructure while improving safety and security in 21 national airports.
ADB is helping the government increase access to clean and reliable electricity by working with PNG Power to build renewable generation assets, expand transmission and distribution networks, connect new users to the grid, and boost grid efficiency.
ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 67 members�48 from the region. In 2017, ADB operations totaled $32.2 billion, including $11.9 billion in cofinancing.
Source: Asian Development Bank