There were 293 results found for Papua New Guinea and Economy

There were 293 results found.

Analysis

How is Covid-19 affecting the flow of global remittances?
OBG
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The onset of a Covid-19-induced global recession has affected both labour markets and financial flows around the world. At the confluence of these two are remittances, which have increasingly been among the top contributors to GDP in many emerging markets over recent decades. The issue is particularly pertinent for the countries located in the so-called yellow slice of the global economic pie…

Overview

Papua New Guinea's strategy to navigate the global crisis
OBG
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The economic downturn resulting from lower global commodity prices and the completion of the PNG LNG project has 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. He resigned in…

Overview

How diversity and resources have shaped Papua New Guinea
OBG
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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. Enjoying heterogeneous…

Overview

How is China’s slowing economy affecting emerging markets?
OBG
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For the past two decades Chinese consumer demand, production and investment have acted as major growth drivers for the global economy. The country’s presence is now acutely felt across emerging markets from South-east Asia to the Middle East, and sub-Saharan Africa to Latin America. Outbound flows of foreign direct investment (FDI) and international travellers, coupled with robust demand…

Overview

What is Papua New Guinea doing to boost the trade balance?
OBG
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In recent years Papua New Guinea’s trade and investment environment has been characterised by government policies aimed at generating wider – and more immediate – fiscal and social benefits from the country’s resource wealth, while simultaneously growing exports and decreasing imports as it develops a broader economic base. Australia remains a key geopolitical partner; however, it faces…

Overview

Papua New Guinea's new approach to economic development
OBG
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Papua New Guinea has an abundance of wealth in hydrocarbons and minerals that provides it with a solid foundation for economic growth, but also leaves the Pacific island nation vulnerable to the volatility of global commodity markets. As such, the government, led by Prime Minister James Marape, is following a long-term economic development strategy that aims to expand the state’s revenue…

Interview

Scott Roger, Mission Chief for Papua New Guinea, IMF: Interview
OBG
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Interview:Scott Roger How can the IMF help developing economies in Asia Pacific mitigate the challenges of the pandemic? SCOTT ROGER: Since the outbreak of Covid-19 the IMF has offered policy advice, financial assistance and other support – including virtual initiatives for government officials to improve skills and develop capacity – to all its member countries. The IMF has provided emergency…

Interview

Clarence Hoot, Managing Director, Investment Promotion Authority (IPA): Interview
OBG
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Interview:Clarence Hoot What synergies are expected to arise from the recent agreement between the IPA and the National Superannuation Fund (nasfund)? CLARENCE HOOT: In March 2020 the IPA and nasfund signed a memorandum of understanding (MoU) to enable closer cooperation and allow both organisations to share relevant employer database information to ensure that companies which register with…

Interview

Sasindran Muthuvel, Minister of State-Owned Enterprises: Interview
OBG
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Interview:Sasindran Muthuvel Where are there opportunities to optimise the management, performance and corporate governance of state-owned enterprises (SOEs)? SASINDRAN MUTHUVEL: At the executive management level, we must have individuals with relevant skills and experience, along with integrity and sound character, leading SOEs. I have recently pushed for Kumul Consolidated Holdings (KCH)…

Interview

Ian Ling-Stuckey, Treasurer: Interview
OBG
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Interview:Ian Ling-Stuckey With the country’s economy following a boom-bust cycle, what policies could be used to hedge against a downturn, especially amid the Covid-19 pandemic? IAN LING-STUCKEY: I would argue that Papua New Guinea is not a boom-bust economy. While our vital resources sector does experience major swings, this segment accounted for less than one-fifth of the economy from…

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There were 293 results found for Papua New Guinea and Economy

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