The largest of the Pacific Island nations, Papua New Guinea (PNG) occupies the eastern half of New Guinea and hundreds of nearby islands. A mountainous and forested terrain has led to astonishing cultural and linguistic diversity, even as it inhibited development.
The vast majority of the country’s population is engaged in agriculture, which accounts for approximately one third of GDP. Exports, however, are dominated by minerals, primarily copper and gold. A massive liquefied natural gas (LNG) plant, meanwhile, is expected to transform PNG’s economy and society over the next several decades. PNG’s challenge will be to harness these increased revenues in a transparent and equitable manner to develop the country.
Prime Minister Peter O’Neill on the importance of investing export revenues wisely
Playing the long game: OBG talks to Loi M Bakani, Governor, Bank of Papua New Guinea
A fresh start: OBG talks to Peter Graham, Managing Director, ExxonMobil PNG
OBG talks to Stephen Groff, Vice-President for East Asia, South-east Asia and the Pacific, Asian...
OBG talks to Vishnu Mohan, CEO (PNG), ANZ Banking Group; Ian Clyne, CEO, Bank South Pacific (BSP);...
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