ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty.
Established in 1966, it is owned by 68 members—49 from the region.
ORGANIZATION
ACCOUNTABILITY
ADB supports projects in developing member countries that create economic and development impact, delivered through both public and private sector operations, advisory services, and knowledge support.
Papua New Guinea and ADB
ADB seeks to improve infrastructure and the private sector environment; strengthen governance, financial management, and service delivery; and address inclusivity and build resilience in Papua New Guinea.
Related
Cofinancing Partnerships
ADB works jointly with international development agencies, multilateral and bilateral institutions, the private sector, and other emerging development partners to fund activities that improve people's lives in the region.
Commercial Cofinancing
ADB assists developing member country governments and private sector borrowers in securing debt financing on commercial terms for ADB projects through engagement with commercial financial institutions.
Funds and Resources
Most of ADB's lending comes from its ordinary capital resources, offered at near-market terms to lower- to middle-income countries.