PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

602271

Primary Business Area

Other

Disclosure Date

Jun 6, 2018

Country

Papua New Guinea

Region

East Asia and the Pacific

IFC Approval Date

Jul 18, 2017

Status

Completed

Estimated Total Budget

$1,280,000.00
(Project budget includes all project-funded activities)

Last Updated Date

Jun 12, 2021

Project Estimated Start Date

Jul 1, 2017

Project Estimated End Date

Jun 30, 2020

Project Description

IFC’s PNG Tourism Project targets development of tourism SMEs and creation of a stronger tourism market in PNG. The aim of the project is to grow revenues of tourism SMEs and to improve conditions necessary for PNG to attract investment into its tourism sector over time. IFC activities will support a number of tourism SMEs to enhance their business operations and to develop new products and services that are increasingly inclusive, while meeting market needs. IFC will work with both public and private sector entities to better understand the current tourism market and to identify specific opportunities to grow arrivals, both air and cruise, to the country. The work is supported by Australia’s Department of Foreign Affairs and Trade (DFAT) and New Zealand’s Ministry of Foreign Affairs and Trade (MFAT).

Development Results