Foreign exchange shortages still biting business in Papua New Guinea

The Bank of Papua New Guinea expects a 'windfall' from higher international commodity prices to alleviate some of the country's foreign exchange shortages. However, anecdotal evidence suggests the forex situation is actually getting worse.
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Foreign investment starting to return to Papua New Guinea, says IPA head

Foreign direct investment in Papua New Guinea is starting to return this year after a 'huge slump' over the previous two years, according to Clarence Hoot, Managing Director of the country's Investment Promotion Authority.
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Regulator approval paves the way for corporate bond market in Papua New Guinea

In what may be the most significant innovation in Papua New Guinea's capital markets since the establishment of a local stock exchange, the PNGX has announced Securities Commission approval for its new Debt Market Rules. The approval paves the way for the establishment of a corporate bond market.
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Papua New Guinea has ‘enormous potential’ to increase exports, Eslake tells conference

Delegates to last week's 2022 Business Advantage Papua New Guinea Investment Conference received an overview of the plans of the new Marape government, as well as detailed economic updates and a range of briefings on opportunities across the country's key economic sectors.
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Papua New Guinea’s economy set for medium term growth: IMF

Papua New Guinea's economy has weathered the COVID pandemic well, according to the International Monetary Fund's latest Article IV assessment, completed last week. While the assessment paints an improved picture over the medium term, it flags some key reforms that PNG's government still needs to address. 
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