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The MTDP IV is themed “National Prosperity through Growing the Economy”, focusing on strategic investments to drive national growth, transformation, and prosperity. It incorporates lessons from previous plans and reflects the government’s development priorities and the Prime Minister’s agenda.

Objectives:

  1. Grow GDP to K164 billion by 2027 toward a K200 billion target by 2030.
  2. Double internal and export revenues.
  3. Create one million new jobs by 2027.
Respect and Maintain GoPNG’s Integrity
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Alignment to GoPNG’s Development Priorities
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Coherence with GoPNG’s National Service Delivery Framework
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Technical Advisor Compliance with GoPNG’s Regulations
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Comparative Advantage of Development Partners
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Utilising GoPNG Systems and Processes
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Uphold Mutual Relationship Values
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Ensure Transparency and Accountability
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Prudent and Effective Mangement of Development Cooperation
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Economic Empowerment
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Openness and Commitment
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Economic Empowerment
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Each SPA has Deliberate Intervention Programs (DIPs) assigned to responsible agencies to guide investments, budgets, and implementation with support from development partners.

Funding:

The plan requires K51 billion through sources like:

  1. Government capital investments
  2. Concessional loans and grants
  3. Public-Private Partnerships (PPP), tax credit schemes, and SOE obligations.
  4. Foreign Direct Investments (FDIs)
  5. Contributions from civil society and faith-based organizations

Implementation and Oversight:

Funds will be allocated under Public Investment Program (PIP) guidelines. All sectors and regions must align with MTDP IV to access funding. Regular monitoring and evaluation will assess investment effectiveness and policy outcomes, creating a performance scorecard for sectors, provinces, and districts.