Improving Financial Access and Entrepreneurship Development Project

Dropped / Terminated

The project aims to support financial inclusion and entrepreneurship development in PNG by (i) improving the financial capabilities of households; micro, small, and medium-sized enterprises (MSMEs), and participating financial institutions (PFIs); (ii) supporting increased use of digital financial services (DFS); (iii) strengthening regulatory capacity for microfinance; and (iv) operationalizing and supporting capacity of a Credit Guarantee Corporation (CGC). Financial intermediation in PNG is currently underdeveloped, resulting in a relatively small finance sector with low levels of financial access, even more so for women and girls. The project will improve access to financial services, including women, and entrepreneurial capability for households and MSMEs, including women-owned and led MSMEs.