• 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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Port Moresby has benefitted from accelerated infrastructure development in recent years, spurred on by Papua New Guinea’s chairmanship of APEC in 2018. Although there was some domestic criticism related to spending large sums of public money on hosting world leaders in a moment of elevated national debt, 76% of CEOs expect the long-term economic impact of APEC 2018 to be...

How do you foresee the Papua New Guinea’s relationship with the EU evolving in the coming years?

Recent years have seen the issue of climate change and its potential ecological and economic effects move more clearly into the spotlight. It is now widely accepted that the planet cannot sustain current high-carbon industrial and consumer behaviours. With scientific knowledge on the subject now better informed and more reliable, economic models used to forecast the fiscal...

Papua New Guinea is a vast archipelago, of which the main island – shared with Indonesia – forms the largest tropical island on Earth. Known for its unique flora and fauna, the country is famous for its environmental variety. However, with more than 850 languages spoken within its borders, it is also considered one of the most culturally diverse nations in the world. While it...

Interviews & Viewpoints | Prime Minister James Marape: Interview from The Report: Papua New Guinea 2019

How do you assess Papua New Guinea’s economic outlook for 2019 and 2020?

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...

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