Economy/Investment

How Papua New Guinea’s informal and local economy can get through the COVID-19 crisis

The economic fallout from the coronavirus (COVID-19) is creating havoc across world markets and economies. According to the ratings agency Fitch, Papua New Guinea’s formal economy will be affected, but the story could be different for its informal and local economy.
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Blast from the past: Papua New Guinea’s economy in 2020

The year 2020 looks like being a watershed year for Papua New Guinea, with a number of transformative projects awaiting the green light and a new government seeking to implement an ambitious agenda.
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Prime Minister Marape confident of a ‘five train’ LNG future in Papua New Guinea

As talks between ExxonMobil and Papua New Guinea's State Negotiating Team over the P'nyang gas project reach their nominated 'walk away' deadline today, the Prime Minister, James Marape, has said he is confident that LNG will help underpin economic growth in the country for the next decade.
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Transparency report shines light on Papua New Guinea’s extractive sector

Although the extractive sector continues to be responsible for the bulk of Papua New Guinea’s exports, the latest Papua New Guinea Extractive Industries Transparency Initiative report has found that revenues to government remain comparatively small. Here’s what you need to know.
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