The Report Papua New Guinea 2014
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The Report Papua New Guinea 2014
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Author : Oxford Business Group
language : en
Publisher: Oxford Business Group
Release Date : 2014-09-04
The Report Papua New Guinea 2014 written by Oxford Business Group and has been published by Oxford Business Group this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-09-04 with categories.
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.
Papua New Guinea
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Author : International Monetary Fund. Asia and Pacific Dept
language : en
Publisher: International Monetary Fund
Release Date : 2014-12-02
Papua New Guinea written by International Monetary Fund. Asia and Pacific Dept and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-12-02 with Business & Economics categories.
This 2014 Article IV Consultation highlights that Papua New Guinea’s economy is experiencing an important transition, as new liquefied natural gas (LNG) production and exports commence. With LNG production and exports now starting, resource sector growth is projected to surge in 2015, but spillovers to the rest of the economy may be more limited. Inflation has moderated from its peaks during the construction boom and is likely to remain reasonably low given the global outlook for commodity prices. The ongoing economic transition calls for adjustment of macroeconomic policies to safeguard macrofinancial stability.
Papua New Guinea Teachers
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Author : World Bank Group
language : en
Publisher:
Release Date : 2014
Papua New Guinea Teachers written by World Bank Group and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with Electronic book categories.
Papua New Guinea
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Author :
language : en
Publisher:
Release Date : 2014
Papua New Guinea written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with Bank management categories.
KEY ISSUES Context. Papua New Guinea's (PNG) economy is experiencing an important transition, as new liquefied natural gas (LNG) production and exports commence. While resource sector activity in 2014--15 will be buoyed by gas production, non-resource sector growth will remain low in 2014 as LNG production has little knock-on effect on the wider economy. Meanwhile, the sharp fiscal expansions of the past three years have significantly reduced fiscal space, and excess demand for foreign exchange has persisted following a large de facto appreciation of the kina after the introduction in early June 2014 of a trading band around the official exchange rate and the requirement for banks to use the band in their transactions with customers. Outlook and risks. The overall growth outlook in the short run is favorable, but it masks weakness in the non-resource sector and employment conditions. Risks to the near-term outlook are increasingly tilted to the downside as global economic weakness could weigh on external demand and commodity prices, with fiscal stimulus limited by the need to ensure debt sustainability. The recent exchange rate measure also heightens risks to the growth outlook as well as to the external position. Policy assessment. A key challenge facing PNG is to maintain fiscal and debt sustainability while pursuing development objectives. Continued macroeconomic and financial stability will also require better management of excess banking system liquidity and exchange rate policy. To meet these challenges, policies should aim to: Consolidate the fiscal position in line with the government's current debt targets through restraining low-impact expenditure and strengthening revenue collection. Improve spending quality, through improved composition and public financial management, and ensure budget integrity in managing public resources. Withdraw excess liquidity held by banks more fully and allow the exchange rate to be more determined by market forces in order to eliminate excess demand for foreign exchange. Accelerate structural reforms, focusing on lowering the cost of doing business, to support non-resource sector growth.
The Report Papua New Guinea 2015
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Author : Oxford Business Group
language : en
Publisher: Oxford Business Group
Release Date : 2016-09-17
The Report Papua New Guinea 2015 written by Oxford Business Group and has been published by Oxford Business Group this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-09-17 with categories.
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.
The State Of The Forests Of Papua New Guinea 2014
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Author : Jane E. Bryan
language : en
Publisher:
Release Date : 2015
The State Of The Forests Of Papua New Guinea 2014 written by Jane E. Bryan and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with Forest dynamics categories.
"2017 State of the Forests report documents substantial changes in PNG's forests over the period 2002-2014. The main driver of this change was the industrial logging industry both through the degradation of primary rainforest to secondary logged forest, and the conversion of forest to other non-forest land cover types such as cleared land and scrub" -- page 7.
The Report Papua New Guinea 2013
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Author : Oxford Business Group
language : en
Publisher: Oxford Business Group
Release Date : 2013-08-16
The Report Papua New Guinea 2013 written by Oxford Business Group and has been published by Oxford Business Group this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-08-16 with categories.
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
Minerals Yearbook 2013 Area Reports International Asia And The Pacific
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Author : U. S. Government Printing Office
language : en
Publisher: Government Printing Office
Release Date : 2017-02-15
Minerals Yearbook 2013 Area Reports International Asia And The Pacific written by U. S. Government Printing Office and has been published by Government Printing Office this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-02-15 with Business & Economics categories.
This edition of the U.S. Geological Survey (USGS) Minerals Yearbook discusses the performance of the worldwide minerals and materials industries during year 2013 and provides background information to assist in interpreting that performance. These annual reviews are designed to provide timely statistical data on mineral commodities in various countries. This volume covers data from Asia and the Pacific. 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. Audience: Government employees and contractors, as well as businesses and employees, all working in mineral-related trades, especially with interests in statistics about mineral commodities overseas, will find this resource invaluable. Check out our Minerals & Metals publications here: https://bookstore.gpo.gov/catalog/science-technology/minerals-metals Other print volumes in the Minerals Yearbook series are available here: https://bookstore.gpo.gov/catalog/science-technology/minerals-metals/minerals-yearbook
Papua New Guinea Student Assesment
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Author : World Bank Group
language : en
Publisher:
Release Date : 2014
Papua New Guinea Student Assesment written by World Bank Group and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with categories.
The Report Papua New Guinea 2016
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Author : Oxford Business Group
language : en
Publisher: Oxford Business Group
Release Date : 2016-09-19
The Report Papua New Guinea 2016 written by Oxford Business Group and has been published by Oxford Business Group this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-09-19 with categories.
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.