World Bank to help

THE World Bank Group wants to help manage risks to Papua New Guinea’s economic growth and ensure more services reach the people who are missing out.
This is contained in the World Bank Group’s 2019-2023 Country Partnership Framework for PNG endorsed yesterday by its board of executive directors.
The five-year strategy is aligned with PNG’s third Medium-Term Development Plan. It lays out three main focus areas for work by the Group’s member organisations, including the World Bank and International Finance Corporation.
The focus areas are: improving the country’s macro and fiscal resilience, ensuring effective and inclusive services and encouraging private sector growth and jobs in the non-resources sector.