• 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.
Displaying 37 - 42 of 4520

 

How can small and medium-sized enterprises (SMEs) play a greater role in developing key sectors within the wider PNG economy?

 

The international position of Papua New Guinea has improved in recent years as the country continues to benefit from a number of positive trends. A stabilisation in commodity prices, strong output from the country’s major projects and an end to the El Niño drought have brought major trade indicators back into line. The lack of dollars and the...

 

While Papua New Guinea has a free and open economy, it is also a place where it can be exceedingly challenging to do business. General conditions are difficult, and some areas of administration and law can cause things to progress at a slow pace. The US State Department’s 2016 Investment Climate statement noted that the country “appears to...

 

What infrastructure initiatives are required in Papua New Guinea to foster economic development and enhance trade with Australia?

 

Despite some weak headline numbers, Papua New Guinea’s economy is set to see a recovery in 2017. Depreciation of the kina and the shortage of US dollars have slowed imports and led to pockets of strength. Robust activity at the small and medium-sized enterprise (SME) level and in the informal sector is being observed, while key statistics,...

 

While Papua New Guinea continues to account for the lion’s share of output among the Small Island Developing States (SIDS) in the Pacific region with 60%, concerns remain that modest economic growth could have a knock-on effect on the country’s capacity to achieve sustainable development in the long term.