The economic downturn resulting from lower global commodity prices and the completion of the PNG LNG project have led to some criticism of the national administration; thus, the future for Papua New Guinea must be navigated with care. Peter O’Neill, who secured a fourth term as prime minister in the mid-2017 elections, faced the threat of a vote of no confidence in mid-2019....
Economy
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Articles & Analysis | Papua New Guinea's new government aims to maintain investor confidence and growth from The Report: Papua New Guinea 2019
Articles & Analysis | Papua New Guinea moves towards long-term reform in key sectors from The Report: Papua New Guinea 2019
The former minister of finance, James Marape became the eighth prime minister of Papua New Guinea on May 30, 2019 following the resignation of his predecessor, Peter O’Neill, after eight years in office. In a break with O’Neill’s approach, Prime Minister Marape struck a somewhat nationalistic tone in his first speech to Parliament, and afterwards told media that his government...
Interviews & Viewpoints | Powes Parkop, Governor of the National Capital District (NCD): Interview from The Report: Papua New Guinea 2019
This chapter contains selected listings of some of the Papua New Guinea’s top hotels; contact details for embassies, ministries and organisations; helpful tips for business and leisure travellers; and other useful suggestions for travellers to the country.
Efforts to increase public governance are gradually bolstering confidence in Papua New Guinea’s economy, despite national performance being heavily dependent on somewhat-unpredictable extractive industries. These were affected in the first half of 2018 by an earthquake in February, and recovered in the second half when international commodities prices rose. Recovery in liquefied natural gas...
Chapter | Trade & Investment from The Report: Papua New Guinea 2019
Papua New Guinea’s international profile received a boost when it chaired the APEC forum in 2018, an event that culminated in the APEC Leaders’ Summit in Port Moresby in November of that year. During the meeting, leaders from some of the world’s largest economies congregated in the capital to discuss a host of regional issues. While the business climate is hampered by regulatory obstacles and...