PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

604166

Primary Business Area

Other

Disclosure Date

Mar 3, 2021

Country

Papua New Guinea

Region

East Asia and the Pacific

IFC Approval Date

Feb 4, 2020

Status

Completed

Estimated Total Budget

$1,147,792.00
(Project budget includes all project-funded activities)

Last Updated Date

May 4, 2024

Project Estimated Start Date

Dec 15, 2019

Project Estimated End Date

Dec 31, 2022

Project Description

This project seeks to support the development of the enabling regulatory, policy and institutional environment to facilitate the flow of capital from PIIF members into regional investments on commercial terms, consistent with the fiduciary responsibility of the funds. The project is expected to improve the financial strength of the Pacific pension and investment funds by improving their technical capacity and overall regulatory environment, as well as development of an appropriate investment instrument to enable cross-border transactions. This will also rely on actions by PIIF members to see through their commitment to a co-investment platform, on regulators adopting changes to facilitate capital flow of the funds, and on other co-investors mobilizing transactions.

Development Results

E&S Risks / Impacts and Mitigation