Banking and finance

Explainer: Papua New Guinea’s stimulus package relying on overstretched IMF

Papua New Guinea’s government has announced its Budget deficit will balloon to more than K6 billion, the biggest in the nation’s history. Treasurer Ian Ling-Stuckey has announced a well-targeted stimulus, but the International Monetary Fund needs to come to the party.
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Waiting for the party to begin: the future of Papua New Guinea’s National Development Bank

In a wide-ranging chat with Business Advantage PNG, the Managing Director of Papua New Guinea's state-owned National Development Bank, Moses Liu, talks about becoming an emerging force in Papua New Guinea's banking sector.
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How Papua New Guinea’s central bank plans to sell government debt

The Bank of Papua New Guinea is looking to sell government debt to international and local investors. Its Governor, Loi Bakani, outlines the challenges to Business Advantage PNG and their connection to PNG’s ongoing foreign exchange shortages.
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