Growth in developing Asia has begun to ease slightly as prospects moderate in China and a delayed recovery in industrial economies causes a continued slowdown of growth. China has continued to shift to a new normal that is less dependent on exports and investment, which partly explains the slowdown we have observed in the region.
The government of Papua New Guinea has rolled out a new plan to support small and medium-sized enterprises (SMEs) by improving access to finance and training. Unveiled in February, the SME Policy and Master Plan 2016-30 sets out objectives to expand the economy and create employment outside of the main population and trade hubs. The package,...
To what extent has the economic downturn affected Papua New Guinea’s large corporations?
The economy of Papua New Guinea is decelerating, with the GDP growth rate expected to fall by half in 2016 to 4.3% and by nearly half again to 2.4% in 2017. A combination of the end of the construction phase of the PNG Liquefied Natural Gas (LNG) project and an unexpected drop in energy prices has resulted in a significant decline in business...
In recent years, Papua New Guinea has sought to complete two key international transactions, and neither has gone as planned. The $300m facility from the World Bank’s International Finance Corporation (IFC) to provide dollar liquidity is still being discussed, while a $1bn-plus international bond has been at least twice delayed, in 2013 and...
A diverse population and rugged terrain present unique challenges to providing effective health services in Papua New Guinea, especially in rural areas. Growing at an estimated annual rate of 3.1%, PNG’s population is a youthful one, with 38% younger than 15 years and only 5% over 60. The fertility rate of 3.8 live births per woman contrasts...
Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.
Register now and also receive a complimentary 2-month licence to the OBG Research Terminal.
Register Here×