The Incentive Fund has been enabling PNG organisations to access funding for innovative projects; including schools, markets and hospitals. The third phase of this highly successful fund is now coming to an end. Funded by the Department of Foreign Affairs and Trade-Australian Aid, each phase has been managed by Coffey.
The goal of the Fund is to deliver significant and immediately tangible economic and/or social development outcomes, such as improved educational opportunities or health care.
Its purpose is to strengthen and reward performing local organisations capable of delivering and maintaining high impact development activities to benefit local communities.
Incentive Fund Phase III
20 organisations have received grants between AUD $235,000 and AUD $4,681,800 during Phase III. These projects range from the development of schools and hospitals to the construction of market places and bridges. A snapshot of these projects and their locations are illustrated in the map above.
65 per cent of the 20 projects funded in Phase III are in education and 35 per cent are in the health sector. This reflects the government’s development priorities and complements the broader Australian aid program’s sectoral support.