ADB and World Bank jointly changed procurement policies for infrastructure projects in Papua New Guinea.
2 reports, 1 independent
Updated Jul 9
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What happened
ADB and World Bank jointly changed procurement policies for infrastructure projects in Papua New Guinea.
Who's involved
What this event is mainly aboutKeep exploring
Part of
Partnership delivers infrastructure development in Papua New Guinea.Also in this story
- A partnership has been established in Goroka, Eastern Highlands of PNG, focusing on cultural preservation, digitization, and addressing poor infrastructure risks amidst climate change.
- Papua New Guinea maintains close economic cooperation with Australia.
The entities involved
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Papua New Guinea
country in Oceania
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Asian Development Bank
regional development bank
- The Asian Development Bank has lifted its growth outlook for developing Asia and maintained its forecast for China at 4.6%, noting energy costs from the Middle East conflict.
- The Philippines is seeking international financial support from the World Bank and Asian Development Bank for its budget needs.
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World Bank
international financial institution
Related events
- ADB provides loans for infrastructure projects in Papua New Guinea, co-financed by the Australian government.
- The World Bank is financing infrastructure projects to address rising water levels and resource management challenges on the Mekong River.
- Regional bodies, including the Monetary Authority of Singapore and the Asian Development Bank, are discussing the infrastructure funding needs and annual investment requirements for Southeast Asia.