• 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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What potential exists at present for Port Moresby to become a regional aviation hub?

What are the main challenges facing a foreign company operating in Papua New Guinea?

 

Papua New Guinea established a sovereign wealth fund in 2012, and while the original law was delayed and greatly revised, it is set to be implemented by mid-2015, with the first liquefied natural gas (LNG) proceeds flowing into the fund by 2016.

What role could an independent state-owned oil company play in the oil and gas industry?

Do you feel that governments should concentrate on policy frameworks and improving infrastructure, instead of being involved in business?

With 2015 growth predictions ranging from 6.9% to 21%, Papua New Guinea may end the year as the fastest-growing economy in the world or as simply another fast-growing economy. The country may be able to spend as planned, make the necessary and desired investments and build for a sustainable future, or it may find itself scrambling to maintain...

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