The Economics of Fisheries and Aquaculture in the Coral Triangle (EFACT) is the first report of its kind that consolidates primary and secondary information on fisheries and aquaculture using a regional lens and analytical tools from economics. The EFACT is an output of the Asian Development Bank (ADB) technical assistance—Regional Cooperation on Knowledge Management, Policy, and Institutional Support to the Coral Triangle Initiative (CTI).
Papua New Guinea (PNG) has a total land area of 462,000 square kilometers (km2), making it the largest Pacific island country. Its exclusive economic zone at 3.12 million km2 is the world’s second largest. The country’s sparsely distributed population of only 7 million makes PNG’s population density of approximately 9 people per km2 the lowest in the South Pacific.
The economic growth outlook for developing Asia remains vibrant. AsianDevelopment Outlook 2018 foresees continued momentum after growth accelerated to 6.1% in 2017. The region is expected to expand by 6.0% in 2018 and 5.9% in 2019. Excluding Asia’s high-income newly industrialized economies, the prospects for growth are even higher, at 6.5% in 2018 and 6.4% in 2019. Traction for economic expansion will come from strong external demand, which is supported by a further pickup in growth this year in the major industrial economies, and robust domestic demand.
The 14 developing member countries (DMCs) of the Pacific Department of the Asian Development Bank (ADB) cover
a wide diversity. Populations range from the top three countries, representing 87% of the region’s population, to the remaining 11 countries, with a total of less than 1.5 million people. The region covers 15% of the globe’s surface, with
The Asian Development Bank (ADB) has supported the Government of Papua New Guinea (PNG) and the PNG Power
Limited to construct a 150-kilometer high voltage transmission line linking the West New Britain Provincial capital
Kimbe and the township of Bialla. The transmission line will connect renewable energy from existing hydropower and
biomass facilities and bring electricity to households, schools, and medical clinics along the alignment.
The marine environment of Papua New Guinea is vast and diverse, and is globally recognised for its coral reefs and iconic marine species. It directly supports the livelihoods of our people through fisheries and development activities, draws tourists to our country, and provides the ecological foundation for our prosperity.
The Monitor provides an update of developments in Pacific economies and explores topical policy issues.
The Monitor provides an update of developments in Pacifi c economies and explores topical policy issues.
The National Airports Corporation (NAC) is the executing Agency (EA) of the Civil Aviation Development Investment Program (CADIP) in Papua New Guinea. The EA has set up a Project Implementation Unit (PIU) headed by a Program Director to implement CADIP. The PIU is comprised of a team of designated designed engineers and other support staff for the initial scoping of works to design and planning (including tendering processes) to the execution of the civil works and reporting to the stake holders. CADIP ensures compliance to ADB and GoPNG requirements at all times.