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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Main Author: World Bank Group
Format: Report
Language:English
Published: World Bank, Washington, DC 2019
Subjects:
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
id okr-10986-31788
recordtype oai_dc
spelling okr-10986-317882021-09-16T13:44:46Z Country Partnership Framework for the Independent State of Papua New Guinea for the Period FY19-FY23 World Bank Group FRAGILITY CONFLICT-AFFECTED STATES SMALL AND MEDIUM ENTERPRISES ECONOMIC GROWTH ECONOMIC OUTLOOK POVERTY INEQUALITY WORLD BANK GROUP STRATEGY DONOR COORDINATION RISK MANAGEMENT WORLD BANK PORTFOLIO STAKEHOLDER CONSULTATION IFC PORTFOLIO 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. 2019-06-05T16:57:24Z 2019-06-05T16:57:24Z 2019-04-18 Report http://documents.worldbank.org/curated/en/986831558749746464/Papua-New-Guinea-Country-Partnership-Framework-for-the-Period-FY19-FY23 http://hdl.handle.net/10986/31788 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Country Partnership Framework East Asia and Pacific Papua New Guinea
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic FRAGILITY
CONFLICT-AFFECTED STATES
SMALL AND MEDIUM ENTERPRISES
ECONOMIC GROWTH
ECONOMIC OUTLOOK
POVERTY
INEQUALITY
WORLD BANK GROUP STRATEGY
DONOR COORDINATION
RISK MANAGEMENT
WORLD BANK PORTFOLIO
STAKEHOLDER CONSULTATION
IFC PORTFOLIO
spellingShingle FRAGILITY
CONFLICT-AFFECTED STATES
SMALL AND MEDIUM ENTERPRISES
ECONOMIC GROWTH
ECONOMIC OUTLOOK
POVERTY
INEQUALITY
WORLD BANK GROUP STRATEGY
DONOR COORDINATION
RISK MANAGEMENT
WORLD BANK PORTFOLIO
STAKEHOLDER CONSULTATION
IFC PORTFOLIO
World Bank Group
Country Partnership Framework for the Independent State of Papua New Guinea for the Period FY19-FY23
geographic_facet East Asia and Pacific
Papua New Guinea
description 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.
format Report
author World Bank Group
author_facet World Bank Group
author_sort World Bank Group
title Country Partnership Framework for the Independent State of Papua New Guinea for the Period FY19-FY23
title_short Country Partnership Framework for the Independent State of Papua New Guinea for the Period FY19-FY23
title_full Country Partnership Framework for the Independent State of Papua New Guinea for the Period FY19-FY23
title_fullStr Country Partnership Framework for the Independent State of Papua New Guinea for the Period FY19-FY23
title_full_unstemmed Country Partnership Framework for the Independent State of Papua New Guinea for the Period FY19-FY23
title_sort country partnership framework for the independent state of papua new guinea for the period fy19-fy23
publisher World Bank, Washington, DC
publishDate 2019
url http://documents.worldbank.org/curated/en/986831558749746464/Papua-New-Guinea-Country-Partnership-Framework-for-the-Period-FY19-FY23
http://hdl.handle.net/10986/31788
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