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Save Loan Agreement in PNG

Save Loan Agreement in PNG

Aug 6th, 2022

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How to Save Loan Agreement in PNG

4.6 out of 5

69 votes

The final signing of an 18 million Australian dollar loan agreement took place with government ministers and ASEAN Development Bank representatives, including the Australian High Commission. Treasurer and Deputy Prime Minister Charles Abel announced that this funding will support the construction of rural health services in remote areas of Morobe, NCD, and Western over the next five years. This loan is an extension of an existing program, which also involves concessional financing from the Asian Development Bank and additional grant financing from the Australian Government. The Australian Government views this as an investment to enhance health services in PNG communities, highlighting its commitment to improving local healthcare infrastructure.

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