Papua New Guinea: Supporting State-Owned Enterprise Reforms (ADB-53364-001)

Countries
  • Papua New Guinea
Where the impacts of the investment may be experienced.
Specific Location
Nation wide
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
Government of Papua New Guinea
The holder of the loan, grant, or other investment.
Sectors
  • Law and Government
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Fund
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 0.75 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS Jan 24, 2020

Disclosed by Bank Oct 22, 2019


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Project Description

According to the bank website, the proposed project will "strengthen the financial sustainability of state-owned enterprises (SOE) in Papua New Guinea (PNG), thus helping to improve public service delivery. The TA will provide advisory support to improve the overarching policy and legal framework for SOE governance in PNG. It will also support reforms to strengthen and restructure operations in specific SOEs."

 

Investment Description
  • Asian Development Bank (ADB)
Contact Information

Responsible ADB Officer Ananya Basu
Responsible ADB Department Pacific Department
Responsible ADB Division PASP
Executing Agencies
Asian Development Bank
6 ADB Avenue, Mandaluyong City 1550, Philippines

Independent State of Papua New Guinea
Vulupindi Haus, P.O. Box 542
Waigani, Papua New Guinea

Ministry of Public Enterprises
3rd floor, Harbourside West, Stanley Esplanade, PO Box 320, Port Moresby NCD Papua New Guinea

ACCOUNTABILITY MECHANISM OF ADB

The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main