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... Show More

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

Project ID
P165717
Status
Closed
Team Leader
Ruslan Piontkivsky , Ilyas Sarsenov
Borrower 2
The Independent State of Papua New Guinea

Country
Papua New Guinea
Disclosure Date
October 25, 2018
Approval Date
(as of board presentation)
October 25, 2018
Effective Date
December 10, 2018

Total Project Cost 1
US$ 150.00 million
Implementing Agency
Department of Treasury
Region
East Asia and Pacific
Fiscal Year 3
2019

Commitment Amount
US$ 150.00 million
Environmental Category
N/A
Environmental and Social Risk
Not Applicable
Closing Date
March 31, 2020

Last Stage Reached
BANK APPROVED
Last Update Date
July 7, 2023

Notes
1. Total project cost includes funding from World Bank and non-bank sources in US$ millions. Active and Closed projects show current commitments. Proposed (pipeline) and dropped projects show the forecast amount. The commitment amount for projects in the pipeline is indicative and may be modified during the project preparation.
2. Borrower refers to the Borrower of a Loan or Recipient of a Grant.
3. ”Fiscal Year” is the fiscal year in which the project was approved (or dropped if the status is dropped). The World Bank's fiscal year is from July 1 - June 30. For example, a fiscal year of 1996 corresponds to July 1, 1995 - June 30, 1996.

Sectors

Themes

FY17 - Economic Policy

FY17 - Economic Growth and Planning17%
- FY17 - Inclusive Growth17%
FY17 - Fiscal Policy33%
- FY17 - Fiscal sustainability17%
- FY17 - Tax policy17%

FY17 - Environment and Natural Resource Management

FY17 - Climate change17%
- FY17 - Mitigation17%

FY17 - Finance

FY17 - Financial Infrastructure and Access17%
- FY17 - Financial inclusion17%

FY17 - Human Development and Gender

FY17 - Gender17%

FY17 - Public Sector Management

FY17 - Public Finance Management67%
- FY17 - Domestic Revenue Administration33%
- FY17 - Public Expenditure Management33%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

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

No data available.

Detailed Financial Activity as of June 30, 2025

Download:

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

INDICATOR	IMPLEMENTATION COMPLETION & RESULTS REPORT: 09-30-2021
Outcomes	Unsatisfactory
Risk to Development Outcome
Bank Performance	Moderately Satisfactory
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATOR	ICR REVIEW: 02-01-2022	PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome Rating	Highly Unsatisfactory	N/a
Risk To Development Outcome		N/a
Bank Performance	Moderately Unsatisfactory	N/a
Borrower Performance		N/a
Government Performance	Not Rated	N/a
Implementing Agency		N/a
Icr Quality	Modest	N/a
M&e Quality		N/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

The non-resource primary fiscal balance as a percentage of non-resource GDP improves Value -4.70 -9.40 -0.90
Date December 31, 2016 December 31, 2020 December 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)	Value	Statements submitted at least 12 months after the	Statements for 2019 and 2020 not yet submitted to	Statements submitted within three months of the en
	Date	December 31, 2016	June 30, 2021	December 31, 2020
	Comment

Tax buoyancy (i.e. tax revenue as a share of GDP) increases Value 12.90 12.00 13.30
Date December 31, 2016 December 31, 2020 December 31, 2020
Comment
Financial inclusion increases, as indicated by the percentage of adults with an account at a formal financial institution Value 36.96 63.80 50.00
Date June 30, 2016 November 30, 2020 June 30, 2020
Comment
The gender gap in new bank accounts established by women declines (percentage of new bank accounts established by women) Value 26.00 32.00 35.00
Date December 31, 2016 June 30, 2019 December 31, 2020
Comment

The non-resource primary fiscal balance as a percentage of non-resource GDP improves	Value	-4.70	-9.40	-0.90
	Date	December 31, 2016	December 31, 2020	December 31, 2020
	Comment

Tax buoyancy (i.e. tax revenue as a share of GDP) increases	Value	12.90	12.00	13.30
	Date	December 31, 2016	December 31, 2020	December 31, 2020
	Comment

Financial inclusion increases, as indicated by the percentage of adults with an account at a formal financial institution	Value	36.96	63.80	50.00
	Date	June 30, 2016	November 30, 2020	June 30, 2020
	Comment

The gender gap in new bank accounts established by women declines (percentage of new bank accounts established by women)	Value	26.00	32.00	35.00
	Date	December 31, 2016	June 30, 2019	December 31, 2020
	Comment