World Video | Defence | Foreign Affairs | Natural Events | Trade | NZ in World News | NZ National News Video | NZ Regional News | Search

 


ADB Vice-President to visit Papua New Guinea

ADB Vice-President to visit Papua New Guinea

Port Moresby, Papua New Guinea, 7 February 2013 – Asian Development Bank (ADB) Vice-President Stephen Groff will arrive in Papua New Guinea (PNG) next week to visit project sites and discuss ADB’s assistance program with top government officials.

Mr. Groff, who is responsible for ADB’s operations in East Asia, Southeast Asia, and the Pacific, will meet with Prime Minister Peter O’Neill, Treasurer and ADB Governor Don Polye, and other senior government officials and development partners. They will discuss ADB’s work in infrastructure improvement, private sector development, economic management, and regional cooperation, as well as opportunities to further strengthen ADB’s Country Partnership Strategy with PNG.

ADB’s current assistance program in PNG is focused on transport infrastructure in the highlands region road network, national ports, maritime safety, and civil aviation. By improving customs and quarantine facilities along PNG’s border with Indonesia ADB is promoting regional cooperation and integration, while building more climate resilient roads is helping PNG to adapt to the impacts of climate change. Together with the Government of Australia and other partners, ADB is helping PNG improve the quality and coverage of its health services, and boosting access to financial services in remote and rural areas through its Microfinance Expansion Project.

Since joining ADB in 1971, PNG has received 75 loans worth $1.5 billion, 148 Technical Assistance (TA) projects worth $62.8 million, as well as one Asian Development Fund (ADF) grant worth $15 million.

At present, 19 sovereign loans ($661.7 million), two private sector projects ($58 million), one ADF grant ($15 million), and 11 TA projects ($9.6 million) are active. In addition, PNG’s active portfolio includes $78.7 million in cofinancing from other development partners.

ADB, based in Manila, is dedicated to reducing poverty in Asia and the Pacific through inclusive economic growth, environmentally sustainable growth, and regional integration. Established in 1966, it is owned by 67 members – 48 from the region.

ENDS

© Scoop Media

 
 
 
 
 
World Headlines

 

Ban Condemns Killing Of Former Lesotho Military Commander

United Nations Secretary-General today condemned the killing of Lt. Gen. Maaparankoe Mahao, former Commander of the Lesotho Defence Force, on 25 June, near Maseru. More>>

Ban Welcomes US Supreme Court Ruling On Same-Sex Marriage

Ban welcomes US Supreme Court ruling guaranteeing right to same-sex marriage Lesbian, Gay, Bisexual, Transgender and Intersex (LGBTI) pride march. Photo: OHCHR/Joseph Smida More>>

UN Agency Welcomes EU Measures On Refugee Arrivals

Afghan refugees in front of the abandoned hotel Captain Elias on Kos Island, Greece, where hundreds of refugees and migrants are waiting for their registration. Photo: UNHCR/J. Akkash More>>

Increase In Voluntary Blood Donors Can Save Millions Of Lives

Increase in voluntary blood donors can save millions of lives, UN health agency says on World Day More>>

Kenya: Funding Shortage Means Food Cut To 500,000 Refugees

Funding shortage forces UN agency to temporarily cut food aid to 500,000 refugees in Kenya More>>

UN Launches Education Appeal In Fight Against Child Labour

12 June 2015 – The United Nations has announced it is marking the 2015 edition of the World Day Against Child Labour with a call for the international community to invest in quality education as a key step in the fight against child employment ... More>>

Pope Francis & UN Agency On Sustainability Of Agriculture

Pope Francis (centre) with delegates to the 39th FAO Conference during a special audience at the Vatican. Photo: FAO More>>

South Sudan: Call For De-Escalation Of In-Country Conflict

Women and children have suffered devastating attacks in South Sudan’s Unity State. Photo: UNICEF/South Sudan/Sebastian Rich More>>

Burundi: Emergency Support To Refugees Fleeing Burundi Crisis

Burundians fleeing pre-election violence rest on the shores of Lake Tanganyika in the Democratic Republic of Congo after a gruelling 22-hour boat journey. More than 100,000 Burundians have fled over the past month, arriving in Tanzania, Rwanda and ... More>>

Afghanistan: Commitment To Advancing Women's Rights

While the outgoing senior United Nations rights official in Afghanistan said she expected the human rights advances made “will be sustained, will not be rolled back, and will not be sacrificed,” she lamented the high level of violence against ... More>>

Get More From Scoop

 
 
 
 
 
World
Search Scoop  
 
 
Powered by Vodafone
NZ independent news