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Author:
Publisher: Oxford Business Group
ISBN: 1907065628
Category : Papua New Guinea
Languages : en
Pages : 224
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Book Description
Contains information about the key sectors in Papua New Guinea (PNG), such as LNG and agriculture, as well as investment opportunities and interviews of important politicians and businesspeople.
Author:
Publisher: Oxford Business Group
ISBN: 1907065628
Category : Papua New Guinea
Languages : en
Pages : 224
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Book Description
Contains information about the key sectors in Papua New Guinea (PNG), such as LNG and agriculture, as well as investment opportunities and interviews of important politicians and businesspeople.
Author:
Publisher:
ISBN:
Category : Papua New Guinea
Languages : en
Pages : 580
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Book Description
Author: Oxford Business Group
Publisher: Oxford Business Group
ISBN: 1910068365
Category :
Languages : en
Pages : 256
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Book Description
In Papua New Guinea hopes are high that real change is on its way; the country’s political, administrative, financial and technical leaders now have to find a way to ensure the most productive distribution and use of financial resources. Many international actors are watching closely to see how this young country negotiates its path. Papua New Guinea became a major exporter of gas in 2014 when the $19bn PNG liquefied natural gas (LNG) project was completed ahead of schedule and within budget, significantly increasing the size and strength of the economy. The year ahead is likely to see PNG benefit from the further development of its hydrocarbons sector, fuelling the growth of its economy as a whole. The LNG influx also poses challenges, however, in terms of ensuring inclusive growth and productive use of the new revenues. PNG takes pride in being a final frontier of natural and cultural development, but the task ahead is to protect the country’s heritage while becoming part of the global economy.
Author:
Publisher:
ISBN:
Category : New Guinea
Languages : en
Pages : 580
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Book Description
Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1455281581
Category : Business & Economics
Languages : en
Pages : 69
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Book Description
Papua New Guinea showed solid economic growth, supported by greater political stability, fiscal framework, and a healthy banking sector. Executive Directors encouraged the authorities to consider tighter macroeconomic policies in the face of rising inflation pressures and also stressed the need of a tight fiscal policy. They welcomed the Sovereign Wealth Funds (SWF), and considered it important to integrate the use of resources in the SWF into the budget and macroeconomic framework, supported by strong fiscal institutions. Directors observed that Liquefied Natural Gas (LNG) and other resource projects provide an opportunity to raise long-term growth and living standards.
Author: Oxford Business Group
Publisher: Oxford Business Group
ISBN: 1910068640
Category :
Languages : en
Pages : 244
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Book Description
In terms of investment, Papua New Guinea’s geographic location, geopolitical importance and abundance of commodities, as well as the success of the PNG Liquefied Natural Gas project, have helped it become a favoured destination for Chinese and Japanese ventures, with expectations of further foreign direct investment (FDI) going forward, particularly in the primary sector. However, PNG remains a challenging place for international participants, and while high-level, strategically important projects are likely to proceed smoothly, smaller, more entrepreneurial ventures may face difficulty. To improve this reputation the country is trying to boost transparency and efficiency in business transactions, though new initiatives under way could see it adopt more protectionist policies, thereby going against the tenets of liberal economics it has traditionally embraced.
Author: Oxford Business Group
Publisher: Oxford Business Group
ISBN: 1910068101
Category :
Languages : en
Pages : 256
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Book Description
Papua New Guinea is poised for change, as the country’s mineral riches are providing a major opportunity for economic development through the exploitation of natural resources. The government’s five-year strategic plan focuses on key development enablers such as free education, improvements to health services, the strengthening of law and order, rural development projects and infrastructure construction. Inward investment has increasingly been driven by the extractive sector, including oil and gas, whose share of the country’s total investment stock rose from 71% to 87% between 2004 and 2012. Statistics from the Investment Promotion Authority reveal that the largest share of new foreign direct investment in 2013, some 24.6%, targeted the construction sector, outpacing that in financial services, manufacturing and mining, which accounted for 19.8%, 18.1% and 10.9%, respectively. While minerals and hydrocarbons dominate exports, around 85% of the country’s population is employed in the agriculture sector. The start of liquefied natural gas exports in 2014 is expected to return the current account to a surplus in 2015, forecast as high as 12.1% of GDP before returning to 9.1% the following year. While the outlook for state revenues remains strong in the medium term, ensuring the sustainability of further spending increases will be key to preserving macroeconomic stability.
Author: International Monetary Fund. Statistics Dept.
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 33
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Book Description
A technical assistance mission from the IMF’s Statistics Department visited Papua New Guinea (PNG) during August 2-15, 2023, to support the authorities in improving compilation and dissemination of government finance statistics (GFS) and public sector debt statistics (PSDS). The mission assisted the Department of Treasury in resolving outstanding data quality issues and expanding the coverage of fiscal statistics to the broader perimeter of Government including public debt of state-owned enterprises. The mission also provided training on specific aspects of GFS and PSDS and facilitated the dissemination of PNG’s PSDS through the joint IMF/World Bank’s quarterly public sector debt (QPSD) database.
Author: Geological Survey (U S )
Publisher: Government Printing Office
ISBN: 9781411329744
Category : History
Languages : en
Pages : 226
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Book Description
The Minerals Yearbook is an annual publication that reviews the mineral and material industries of the United States and foreign countries. The Yearbook contains statistical data on materials and minerals and includes information on economic and technical trends and development. The Minerals Yearbook includes chapters on approximately 90 commodities and over 175 countries. This volume of the Minerals Yearbook provides an annual review of mineral production and trade and of mineral-related government and industry developments in more than 175 foreign countries. Each report includes sections on government policies and programs, environmental issues, trade and production data, industry structure and ownership, commodity sector developments, infrastructure, and a summary outlook.
Author:
Publisher:
ISBN:
Category : Commerce
Languages : en
Pages : 20
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Book Description
