PNG will receive a concessional loan of ($100 million) K312 million from the Asian Development Bank this week.The funding comes in as budgetary support to ass

  • 6 years ago
PNG will receive a concessional loan of ($100 million) K312 million from the Asian Development Bank this week.

The funding comes in as budgetary support to assist the Government, especially to reduce pressure on the Foreign Exchange.

Meanwhile the country will also receive another concessional loan of K470 million (US$150 million) from the World Bank in September.

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