ADB provides loans for infrastructure projects in Papua New Guinea, co-financed by the Australian government.
2 reports, 1 independent
Updated Sep 11
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What happened
ADB provides loans for infrastructure projects in Papua New Guinea, co-financed by the Australian government.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.ADB is providing infrastructure loans for PNG, with co-financing from Australia.1 source
Marape announced policy support for agriculture regarding a highway funded by the ADB in PNG.1 source
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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.
Related events
- ADB supports India's infrastructure financing needs.
- Cabinet approved an ADB-supported loan program on September 1st.
- ADB expands finance access for climate needs, while a minister accuses Australia of insufficient climate action.
- Australian aid flows were hampered by governance issues in Papua New Guinea, as monitored by US embassy cables in 2011.
- Projects funded by the Asian Development Bank and KfW are being overseen by Project Management Consultants.