Papua New Guinea

Efforts to improve public governance are gradually bolstering confidence in Papua New Guinea’s economy, despite national performance being heavily dependent on the extractive industries. Backed by macroeconomic development plans, Prime Minister James Marape’s administration is seeking to improve debt management, reduce foreign exchange imbalances, widen access to social services and provide greater employment opportunities.

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How does the insurance sector in Papua New Guinea differ from other countries in the region?

Papua New Guinea has stepped up efforts to improve government efficiency, outlining reforms aimed at improving the function of public services and increasing state transparency.

A rebound in the mining and resource industries helped drive stronger economic growth in Papua New Guinea in 2019, a year which saw Peter O’Neill’s eight-year tenure as prime minister end.

To what extent are sustainability goals tied to the success of a business?

Papua New Guinea’s efforts to strengthen agriculture’s position as a major economic driver have been given a boost following the much-anticipated launch of a series of new projects.

Policymakers in Papua New Guinea are accelerating efforts to regulate the informal economy, after an audit found that it accounted for around one-fifth of GDP.