Analysis: Papua New Guinea’s salary bill problem

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Director of the Development Policy Centre, Stephen Howes, analyses the extraordinary growth of PNG’s government salary bill and explains why it’s a concern.

Papua New Guinea heading for negative growth this year, says World Bank

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Presenting the latest World Bank economic update for Papua New Guinea, PNG country economist Ilyas Sarsenov says its government has responded well to the challenges of COVID-19 but hard choices lie ahead.

In brief: China and Papua New Guinea strengthen commercial ties and other business stories

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Papua New Guinea can now export seafood directly to mainland China, the World Bank projects GDP growth in South East Asia and the Pacific region to fall to 0.5 per cent and an agriculture project is set to transform Eastern Highlands province. The news you need to kickstart your week.

Debt crisis looming: reports say Papua New Guinea needs new investment

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Papua New Guinea is facing a debt crisis according to new reports from the Asian Development Bank and the World Bank, and the country will need the cash injection of new major investments to avoid ‘lacklustre’ future growth.

In brief: Papua New Guinea to receive K70 million from the World Bank and other business stories

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World Bank commits K70 million to help Papua New Guinea in its fight against COVID-19, the Minister for Petroleum gives an update on resource projects and Oil Search successfully completes its equity raise. The business news you need to know to kickstart you week.

Papua New Guinea heading into a forex squeeze – World Bank

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A new World Bank report details a worsening of Papua New Guinea’s economic prospects and finances. It says that the country is ‘steadily’ losing foreign exchange.

In brief: World Bank releases new economic outlook for Papua New Guinea and other business stories

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The World Bank predicts slower GDP growth for Papua New Guinea, P’nyang could still be on the table and fibre optic cable landing to start in Vanimo. The business news you need to kick-start your week. Resources Patrick Pouyanne, CEO of the French oil and gas company Total, has said that ExxonMobil and PNG need […]

Papua New Guinea loses 12 places in World Bank’s doing business 2020 rankings

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Papua New Guinea slipped 12 places in the World Bank’s ranking of ease of doing business, but are there any positive signs? David James analyses the report.

Papua New Guinea’s economy remains broadly positive despite slow economic growth forecast for 2020

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Economists have cut forecasts for Papua New Guinea’s 2020 GDP growth but there is a consensus that the slowing will only prove to be temporary. David James explores three new views of PNG’s economy in 2020 and beyond.

Supplementary budget imposes greater austerity on Papua New Guinea’s economy

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The Papua New Guinea government has brought down a supplementary Budget to address what it described as a ‘record budget deficit.’ The Minister for Treasury, Ian Ling-Stuckey, claimed it is necessary to get the Budget within sound fiscal limits.