State Owned Enterprise

ADB Loan To Improve SOEs

“ADB has long been engaged in SOE reforms in PNG and built strong relationships with several SOEs. The Government of PNG has made good progress on reforms and remains committed to improving the performance of its SOE portfolio,” said ADB Principal Public Management Specialist for the Pacific, Pamela Wyatt.

 

Most essential services in PNG, such as energy, water, telecommunications, ports, and air transport are provided by SOEs. The ADB-supported PNG SOE Reform Program aims to help SOEs deliver high-quality services at affordable prices.

VIDEO: Funds from Stat. Bodies

Finance Minister James Marape has defended the government's move to dip into thousands of accounts belonging to state owned entities and statutory bodies.