An increase in global commodity prices and production in the domestic mining industry, coupled with improved performance in the non-extractive sector, helped Papua New Guinea record modest growth in 2017, as the government continued to expand on plans to diversify the economy.
Increased investment in transport infrastructure is expected to provide a boost to Papua New Guinea’s logistics sector, with new, long-term projects set to improve connectivity and support government plans to expand targeted industries.
What do you think is driving the growing infrastructure gaps throughout emerging and developing economies in Asia?
After being returned to office following general elections in Papua New Guinea earlier this year, the government of Prime Minister Peter O’Neill has stepped up its drive to improve food sustainability and reduce foreign exchange outflows.
A new trade policy looks set to shift Papua New Guinea’s focus towards the development of bilateral ties and away from multinational agreements as part of broader efforts to create a more balanced trading environment.
What potential economic benefit do you see in building the tourism industry in Papua New Guinea?
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