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

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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.

Papua New Guinea’s state of emergency extended for two more months

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In an emergency session of parliament last week, Prime Minister James Marape extended Papua New Guinea’s state of emergency, and the ramifications will be significant.

Stimulate or stagnate: steering Papua New Guinea’s economy through the COVID-19 crisis

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The global economic meltdown that has been triggered by the COVID-19 virus outbreak has hit Papua New Guinea hard. What are the implications for the country’s business and financial sectors?

In brief: African swine fever reaches Papua New Guinea and other business stories

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The Minister for Agriculture puts measures in place to stop the spread of the African swine fever and protect the pork industry, Prime Minister James Marape announces stimulus package and ICCC monitors shops to avoid price spikes in essential items. The business news you need to kickstart your week.

People moves: Kumul Consolidated Holdings, Credit Corp, Harmony Gold, Australian High Commission, Parliament, Fiji High Commission

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New MD for Kumul Consolidated Holdings, Credit Corporation creates a new role, new executives at Harmony Gold, new Australian and Fijian High Commissioners, and one of PNG’s permanent parliamentary committees gets a new chair.