Delivering Tangible Development Outcomes in PNG

Client

AusAID

Year

Jun 2010 – May 2014

Location

Papua New Guinea

Practice Area

Economic Growth

 

Incentive Fund Phase III (IF III)

The Incentive Fund is enabling PNG organisations to access funding for innovative projects that have a strong development impact for the people of PNG. This highly successful fund is now into its third phase. Each of these phases have been managed by Coffey International Development.

The goal of the Incentive Fund is to deliver significant and immediately tangible economic and/or social development outcomes for men, women and children.

Its purpose is to strengthen and reward performing Papua New Guinean organisations capable of delivering and maintaining high impact development activities that benefit men, women and children.  

The Incentive Fund was originally established in 2000. Since then, it has provided finance for 39 projects, at a total of K220 million. These projects have ranged from the redevelopment of schools and hospitals to the construction of marketplaces and bridges.

The Incentive Fund enables well-managed organisations to access finance for innovative projects and expansion of the services they are mandated to deliver, which will have a strong development impact for the people of Papua New Guinea. 

It is designed to encourage PNG organisations to improve their overall performance and contribution to development. 

In this new phase, the Incentive Fund is providing grants of between K500,000 to
K10 million to well performing organisations in PNG.

For further information please visit: incentivefund.org.

Groundbreaking ceremony Mainohana
Groundbreaking ceremony Mainohana