How can the main obstacles to doing business in Papua New Guinea be overcome?
Papua New Guinea
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Interviews & Viewpoints | Robert Nilkare, President, Business Council of Papua New Guinea: Interview from The Report: Papua New Guinea 2019
Articles & Analysis | Papua New Guinea aims to keep pace with global banking landscape from The Report: Papua New Guinea 2019
Despite a tight supply of foreign exchange and a slowdown in economic growth in 2018, Papua New Guinea’s banking sector remained well capitalised and registered a robust performance, aided by supportive policies from both the government and the Bank of PNG (BPNG), the country’s central bank. The successful issuance in September 2018 of the country’s first dollar-denominated...
Articles & Analysis | Papua New Guinea issues bond to boost foreign currency reserves from The Report: Papua New Guinea 2019
Papua New Guinea issued its first sovereign dollar-denominated bond in September 2018, a major achievement for the island nation. Ongoing structural reform and market-focused policies played a key role in attracting foreign capital that year, and the $500m instrument has since led to a steady flow of dollars into the market. In addition to increasing foreign exchange reserves...
Interviews & Viewpoints | Mark Baker, Managing Director, ANZ Papua New Guinea: Interview from The Report: Papua New Guinea 2019
Articles & Analysis | Papua New Guinea plans greater capital outlay and deficit reduction from The Report: Papua New Guinea 2019
Efforts to improve the business environment and promote private investment in non-extractive sectors ramped up in 2018 with a new development plan and clearer fiscal priorities. Prior to the pickup in international commodity prices that year, a lengthy downturn in global demand, weak agriculture performance and production halts at key mines weighed heavily on revenue. In...
