Development Programs and Aid
Papua New Guinea is highly dependent on foreign aid. Australia is the largest bilateral aid donor to Papua New Guinea, offering about US$200 million a year in assistance. Budgetary support, which has been provided in decreasing amounts since independence, was phased out in 2000, with aid concentrated on project development. Other major sources of aid to Papua New Guinea are Japan, the European Union, the People's Republic of China, the Republic of China, the United Nations, the Asian Development Bank, the International Monetary Fund, and the World Bank. Volunteers from a number of countries, including the United States, and mission church workers also provide education, health, and development assistance throughout the country.
Read more about this topic: Economy Of Papua New Guinea
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