Health Services Sector Development Program (Subprogram 2) (ADB-51035-003)

Countries
  • Papua New Guinea
Where the impacts of the investment may be experienced.
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
Approved
Bank Risk Rating
C
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.
Voting Date
Nov 13, 2019
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Government of Papua New Guinea
The holder of the loan, grant, or other investment.
Sectors
  • Education and Health
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 100.00 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 Nov 13, 2019


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Project Description

According to the bank website, "The program supports fiscal policy, public financial management (PFM), and health sector reforms while providing critical financing during a period of sharp fiscal tightening that will enable the Government of Papua New Guinea to safeguard funding for essential health and other basic services. These two elements reinforce each other: (i) the policy-based actions supporting an improved operational context to gain more benefits from health sector investments and (ii) the health sector investments supporting the implementation of priority policies. Subprogram 1 actions have been sustained and are built upon by subprogram 2 actions, and all 15 subprogram 1 actions have been sustained."

Investment Description
  • Asian Development Bank (ADB)
Contact Information

Responsible ADB Officer Pamela Wyatt
Responsible ADB Department Pacific Department
Responsible ADB Division PASP
Executing Agencies Department of Treasury
6/F The Treasury Building, Lamana Road
P.O Box 542, Waigani Drive, 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