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...
Asia Economy
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Articles & Analysis | Papua New Guinea issues bond to boost foreign currency reserves from The Report: Papua New Guinea 2019
Interviews & Viewpoints | Robert Nilkare, President, Business Council of Papua New Guinea: Interview from The Report: Papua New Guinea 2019
Interviews & Viewpoints | Dairi Vele, Treasury Secretary: Interview from The Report: Papua New Guinea 2019
How do you assess Papua New Guinea’s measures to reform fiscal policies and improve budget planning?
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...
Interviews & Viewpoints | Stefano Mocci, Country Manager for Papua New Guinea, World Bank: Interview from The Report: Papua New Guinea 2019
Interviews & Viewpoints | Stephanie Fahey, Chief Executive, Austrade: Interview from The Report: Papua New Guinea 2019
How would you characterise Australia’s relationship with Papua New Guinea from a trade perspective?