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$199,996.00 (Project budget includes all project-funded activities)
Last Updated Date
May 29, 2025
Project Estimated Start Date
Mar 1, 2025
Project Estimated End Date
Jun 30, 2026
Project Description
The overall objective of this project is to support the Bank of Papua New Guinea to develop sustainable finance in Papua New Guinea. This will be achieved by creating an enabling environment through development of the ESG Guideline and capacity building.
Development Results
The project aims to increase the adoption of ESG standards by commercial banks by supporting the development of ESG guidelines and assisting commercial banks in their implementation.
Indicator
Cumulative
Number of participants in workshops, training events, seminars, conferences, etc.
null
Number of women participants in workshops, training events, seminars, conferences, etc.
null
Number of workshops, training events, seminars, conferences, etc.
null
E&S Risks / Impacts and Mitigation
Performance Standard
Description and Potential Impact
Mitigation
PS 1. Assessment and Management of Environmental and Social Risks and Impacts
As mandated by IFC's Sustainability Policy, IFC is screening this project to assess the consistency of the advisory activities with IFC's Performance Standards.
IFC's advice will be provided in a manner consistent with the principles of the relevant Performance Standards.
Press-Release
Additional Documents
Similar Projects
This Summary of Advisory Services Project Information (ASPI) is prepared by IFC to disclose a factual summary of the main elements of this advisory services project. It may also include findings and recommendations related to environmental and social considerations regarding this project. The purpose of the ASPI is to enhance the transparency of IFC's activities. For any project documentation or data included or attached herein, whether prepared by the project sponsor or otherwise, authorization has been given for public release by the client. IFC considers that this ASPI is of adequate quality for release to the public, but has not necessarily independently verified all of the project information therein. It is distributed within sixty days of project's approval and may be updated periodically afterwards. Total budget and start dates are estimates only. The following ASPI is disclosed in accordance with IFC's Access to Information Policy (AIP) that went into effect on January 1, 2012.
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