Thirty-seven percent of PNG's population live below the national poverty line and PNG is one of the poorest countries in Asia and indeed the world. UNDP's poverty reduction programme is geared towards providing strategic support to the government in its formulation, implementation and monitoring of national development plans and strategies so that it can help PNG achieve the Millennium Target of halving poverty by 2015.
UNDP supports the government to achieve the MDGs through needs and evidence-based planning, implementation and monitoring. UNDP promotes equity, social inclusion, women's empowerment, and respect for human rights as necessary pre-conditions for poverty reduction. UNDP – in close collaboration with implementing agency United Nations Capital Development Fund (UNCDF) – aims to build an inclusive financial sector in Papua New Guinea through the Pacific Financial Inclusion Programme (PFIP), so that all Papua New Guineans have access to a diverse range of affordable financial services and financial literacy.more
Projects and Initiatives
UNDP, working through UNCDF’s Pacific Financial Inclusion Programme, supports the Bank of Papua New Guinea in the development of an inclusive financial sector by providing technical advice and assistance to public and private stakeholders as well as performance-based grants to private sector financial service providers.more