India, Dec. 16 -- MANILA - The Asian Development Bank (ADB) has approved three projects totaling $275 million to expand access to financial services for individuals and businesses, improve rural connectivity to markets and social services, and boost low-carbon electricity supply in Papua New Guinea (PNG).
"ADB is committed to investing in essential infrastructure, creating a more enabling environment for private sector development, and assisting the Government of PNG to implement transformative power sector reforms that improve lives and livelihoods," said ADB Officer-in-Charge for Papua New Guinea Soon Chan Hong.
A $100 million policy-based loan will fund subprogram 1 of theImproving Financial Access Programto strengthen the regulatory a...