The recent decision by the International Monetary Fund (IMF) to approve US$918 million (K3.2 billion) in new funding to Papua New Guinea is helping to fast-track a solution to the country’s chronic foreign exchange shortages. Business Advantage PNG spoke with Sohrab Rafiq, the IMF’s new PNG representative, to learn more.
New forex strategy promises gradual return to a floating currency in Papua New Guinea: IMF
Welcome,
9 May 2023 by Leave a Comment
Analysis: Is Papua New Guinea’s economic bust over?
Welcome,
18 Jan 2023 by Leave a Comment
Is Papua New Guinea’s economy set for its next boom? Devpolicy’s Stephen Howes and Alyssa Leng examine the signs of a turnaround.
Analysis: Papua New Guinea’s minimum wage
Welcome,
3 Oct 2022 by 1 Comment
There was a time when Papua New Guinea’s minimum wage was regarded as high but how does its compare today with the minimum wages of comparable countries? Economists Stephen Howes, Kingtau Mambon and Kelly Samof provide the answer.
Analysis: Papua New Guinea’s ‘stuck’ exchange rate
Welcome,
11 May 2022 by 3 Comments
Is Papua New Guinea’s kina exchange rate stuck? Stephen Howes, Director of the Development Policy Centre and a Professor of Economics at the Crawford School, considers if the kina really is a ‘floating’ currency and calls for foreign exchange reforms to stimulate PNG’s economy.
USD 0.2533
AUD 0.3858
GBP 0.1965
EUR 0.233
NZD 0.4241
JPY 38.63
SGD 0.3353
Recent readers’ comments