• Economy

    OBG provides coverage of the major macro-economic trends within local economies, including GDP growth, government budgeting, public debt, balance of payments, monetary policy and long-term development strategies.
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One factor that is hindering labour productivity and long-term growth in Papua New Guinea is the poor state of public health – although the picture is slowly improving. Advancing the country’s primary health care system is a priority for both the social agenda and economic plans, with the target to achieve universal health care a key part of the Development Strategic Plan 2010...

How can the main obstacles to doing business in Papua New Guinea be overcome?

How do you assess Papua New Guinea’s measures to reform fiscal policies and improve budget planning?

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...

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...

What policy measures would be most effective in boosting GDP growth in PNG?

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