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Papua New Guinea Development Policy Operation

Abstract*

The development objective of First Economic and Fiscal Resilience Development Policy Operation Project for Papua New Guinea is to: (i) strengthen fiscal management and revenue performance; and (ii) strengthen key building blocks for public financial management and financial inclusion. The operation supports four key components of the government’s development program, as articulated in the Alotau Accord II, Medium-Term Fiscal Strategy (MTFS), Medium-Term...

* The project abstract is drawn from the PAD, SAR or PGD and may not accurately reflect the project's current nature

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Development Objective

(i) strengthen fiscal management and revenue performance; and (ii) strengthen key building blocks for public financial management and financial inclusion.

Key Details

Project Details

  • P165717

  • Closed

  • Ruslan Piontkivsky , Ilyas Sarsenov

  • The Independent State of Papua New Guinea

  • Papua New Guinea

  • October 25, 2018

  • (as of board presentation)

    October 25, 2018

  • December 10, 2018

  • US$ 150.00 million

  • Department of Treasury

  • East Asia and Pacific

  • 2019

  • US$ 150.00 million

  • N/A

  • Not Applicable

  • March 31, 2020

  • BANK APPROVED

  • July 7, 2023

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
IDA Credit 150.00

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment N/A
IDA Commitment 150.00
IBRD + IDA Commitment 150.00
Lending Instrument
Grant Amount N/A
Total Project Cost** 150.00

Summary Status of World Bank Financing (US$ Millions) as of June 30, 2025

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No data available.
Financier Approval Date Closing Date Principal Disbursed Repayments Interest, Charges & Fees

Detailed Financial Activity as of June 30, 2025

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No data available.
Period Financier Transaction Type Amount (US$)
Jun 1, 2024 IDA-63110 Int Charges 48,585.76
Jun 1, 2024 IDA-63110 Loan Repay 2,332,342.20
Jun 1, 2024 IDA-63110 Int Charges 521,331.44
Jun 1, 2024 IDA-63110 Int Charges 521,331.44
Jun 1, 2024 IDA-63110 Int Charges 868,885.75
Oct 25, 2018 IDA-63110 Loan Commitment 150,000,000.00
Dec 21, 2021 IDA-63110 Int Charges 13,469.60
Dec 21, 2021 IDA-63110 Int Charges 559,430.44
Dec 21, 2021 IDA-63110 Int Charges 559,430.44
Dec 21, 2021 IDA-63110 Int Charges 932,384.00
Jun 1, 2022 IDA-63110 Int Charges 524,327.56
Jun 1, 2022 IDA-63110 Int Charges 524,327.56
Jun 1, 2022 IDA-63110 Int Charges 900,550.94
Jun 1, 2022 IDA-63110 Int Charges 16,002.99
Jun 1, 2022 IDA-63110 Int Charges 16,002.99
Dec 1, 2022 IDA-63110 Int Charges 33,364.32
Dec 1, 2022 IDA-63110 Int Charges 33,364.32
Dec 9, 2022 IDA-63110 Int Charges 498,683.30
Dec 9, 2022 IDA-63110 Int Charges 498,683.30
Dec 9, 2022 IDA-63110 Int Charges 834,864.20
Jun 1, 2023 IDA-63110 Int Charges 52,262.96
Jun 1, 2023 IDA-63110 Int Charges 532,657.00
Jun 1, 2023 IDA-63110 Int Charges 532,657.00
Jun 1, 2019 IDA-63110 Int Charges 496,563.12
Jun 1, 2019 IDA-63110 Int Charges 496,563.12
Jun 1, 2019 IDA-63110 Int Charges 827,605.20
Dec 19, 2018 IDA-63110 Loan Disb 147,989,552.00
Dec 1, 2019 IDA-63110 Int Charges 10,121.44
Dec 12, 2019 IDA-63110 Int Charges 901,822.80
Dec 12, 2019 IDA-63110 Int Charges 542,693.10
Dec 12, 2019 IDA-63110 Int Charges 542,693.10
Dec 1, 2019 IDA-63110 Int Charges 10,121.44
Jun 1, 2020 IDA-63110 Int Charges 549,185.60
Jun 1, 2020 IDA-63110 Int Charges 19,496.76
Jun 1, 2020 IDA-63110 Int Charges 549,185.60
Jun 1, 2020 IDA-63110 Int Charges 909,530.30
Dec 7, 2020 IDA-63110 Int Charges 6,046.71
Dec 7, 2020 IDA-63110 Int Charges 574,621.40
Dec 7, 2020 IDA-63110 Int Charges 574,621.40
Dec 7, 2020 IDA-63110 Int Charges 931,711.80
Jun 1, 2023 IDA-63110 Int Charges 887,761.60
Jun 17, 2021 IDA-63110 Int Charges 940,281.60
Dec 1, 2023 IDA-63110 Int Charges 533,570.10
Dec 1, 2023 IDA-63110 Int Charges 533,570.10
Dec 1, 2023 IDA-63110 Int Charges 840,377.70
Dec 1, 2023 IDA-63110 Loan Repay 16,886.28
Jun 17, 2021 IDA-63110 Int Charges 25,891.75
Jun 17, 2021 IDA-63110 Int Charges 572,438.70
Jun 17, 2021 IDA-63110 Int Charges 572,438.70
Dec 1, 2023 IDA-63110 Loan Repay 2,330,822.20

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name Review Date
Progress towards achievement of PDO Moderately Unsatisfactory 2020-02-17
Overall Implementation Progress (IP) Moderately Unsatisfactory 2020-02-17
Program Management Moderately Satisfactory 2020-02-17
Monitoring and Evaluation Moderately Satisfactory 2020-02-17

COMPLETION RATINGS

INDICATORIMPLEMENTATION COMPLETION & RESULTS REPORT: 09-30-2021
OutcomesUnsatisfactory
Risk to Development Outcome
Bank PerformanceModerately Satisfactory
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATORICR REVIEW: 02-01-2022PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome RatingHighly Unsatisfactory N/a
Risk To Development OutcomeN/a
Bank PerformanceModerately UnsatisfactoryN/a
Borrower PerformanceN/a
Government PerformanceNot RatedN/a
Implementing AgencyN/a
Icr QualityModestN/a
M&e QualityN/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATORBASELINECURRENTTARGET

INTERMEDIATE RESULTS INDICATORS

INDICATORBASELINECURRENTTARGET
  • The non-resource primary fiscal balance as a percentage of non-resource GDP improvesValue-4.70-9.40-0.90
    DateDecember 31, 2016December 31, 2020December 31, 2020
    Comment
  • Accountability and transparency in the use of public funds is improved through timely submission of the annual financial statementsto the Auditor General's Office (number of months after year-end)ValueStatements submitted at least 12 months after the Statements for 2019 and 2020 not yet submitted to Statements submitted within three months of the en
    DateDecember 31, 2016June 30, 2021December 31, 2020
    Comment
  • Tax buoyancy (i.e. tax revenue as a share of GDP) increasesValue12.9012.0013.30
    DateDecember 31, 2016December 31, 2020December 31, 2020
    Comment
  • Financial inclusion increases, as indicated by the percentage of adults with an account at a formal financial institutionValue36.9663.8050.00
    DateJune 30, 2016November 30, 2020June 30, 2020
    Comment
  • The gender gap in new bank accounts established by women declines (percentage of new bank accounts established by women)Value26.0032.0035.00
    DateDecember 31, 2016June 30, 2019December 31, 2020
    Comment