Country Partnership Framework for the Independent State of Papua New Guinea for the Period FY19-FY23
Papua New Guinea (PNG) is a richly diverse society undergoing intense economic and social transformation. With more than eight hundred different languages spoken among a population of over eight million people, divided into more than one thousand e...
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| Format: | Report |
| Language: | English |
| Published: |
World Bank, Washington, DC
2019
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| Online Access: | http://documents.worldbank.org/curated/en/986831558749746464/Papua-New-Guinea-Country-Partnership-Framework-for-the-Period-FY19-FY23 http://hdl.handle.net/10986/31788 |
| Summary: | Papua New Guinea (PNG) is a richly
diverse society undergoing intense economic and social
transformation. With more than eight hundred different
languages spoken among a population of over eight million
people, divided into more than one thousand ethnic clans,
PNG is the most heterogenous country in the world. The World
Bank Group’s (WBG’s) country partnership framework (CPF) for
the Independent State of Papua New Guinea for FY19–FY23 is
anchored in the government’s Vision 2050, the PNG
development strategic plan 2010–2030, and the third
medium-term development plan for 2018–2022 (MTDPIII). To
support the government in achieving the twin goals, the CPF
envisages supporting the government of PNG in pursuing
sustainable and inclusive growth and building resilience to
shocks across three strategic focus areas: (i) improving
macro and fiscal resilience; (ii) ensuring more effective
and inclusive service delivery, particularly in underserved
areas; and (iii) enabling private sector development and
inclusive growth in non-resource sectors. Addressing
governance and institutional challenges will be a
cross-cutting theme to the program. Close collaboration
between the World Bank, the International Finance
Corporation (IFC), and the Multilateral Investment Guarantee
Agency (MIGA) will be emphasized, with a particular focus on
strengthening the business environment and job creation in PNG. |
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