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European Union gives PNG K21m boost for anti-corruption project
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EU Invests In Anti-Corruption Project
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BY: Loop Author 12:00, May 31, 2021 91 reads
A US$2.8 million (K11,695,000.00) Sustaining Peace through Economic Empowerment Project in the Autonomous Region of Bougainville (ARoB), was launched yesterday, Friday 28 May, 2021.
The project supports the implementation of the Bougainville Peace Agreement toward economic growth and development.
It was launched by the United Nations Development Programme (UNDP) in Papua New Guinea, the National Government and the Autonomous Bougainville Government (ABG).
Funded by the Government of Japan, the Project is designed to support the ongoing Bougainville peacebuilding process for political and economic progress.
The project will support the establishment of innovation centers that create opportunities for entrepreneurs, business development, and life skills.
Papua New Guinea holds about seven percent of the world s biodiversity and the United Nations Development Programme wants this reflected in its economy.
The UNDP is working with Queensland s James Cook University to determine how an economic value can be put on nature.
New Britain coast, Papua New Guinea.
Photo: Alex Smith
The PNG resident representative for the UNDP, Dirk Wagener, said what was often forgotten was that ecosystems generated by the environment produce many services for people. Such as food, water, timber, but also clean air - the regulator of climate. But often those services are undervalued. And one of the first steps to actually bringing eco-system services into your overall balance sheet is to actually value them. he said.
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The Government of Papua New Guinea and the UN have co-signed an agreement to support the economic development work as part of the post-referendum activities.
The signing with UN, through its United Nations Development Program (UNDP) supports lasting peace and long term political settlement process in the Autonomous Region of Bougainville.
Secretary to the Department of Prime Minister and National Executive Council, Ivan Pomaleu and UNDP’s PNG Representative, Dirk Wagener signed the project; Sustaining Peace through Economic Empowerment this week in Port Moresby.
The project is an extension of the work the UN has played in the implementation process of the Bougainville Peace Agreement (BPA) leading up to the referendum and will continue to the post-referendum consultations between the two governments.
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