Asian Development Bank and Papua New Guinea: Fact Sheet
Asian Development Bank | April 2009
Updated yearly, this ADB Fact Sheet provides social and economic indicators on Papua New Guinea as well as concise information on ADB's operations in the country and contact information. Papua New Guinea’s (PNG) mineral-rich economy has been growing at its strongest rate in over a decade, resulting in increased business confidence, high employment growth, stronger investment, and better business profits. This improved growth trend stems from a combination of firm international commodity prices, improved political stability, prudent macroeconomic and fiscal policies, and low interest and inflation rates. The global recession and the subsequent ending of the commodity price boom will significantly impact the PNG economy. It is crucial that recent gains are consolidated over the medium term, and expenditures carefully prioritized which, in turn, will reinforce the importance of structural reform and the need to prioritize and address constraints to private sector-led economic growth.
CitationAsian Development Bank. 2009. Asian Development Bank and Papua New Guinea: Fact Sheet. © Asian Development Bank. http://hdl.handle.net/11540/5803.
Regional Economic Development
Asian Development Bank
Economies in transition
Economic development projectsShow allCollapse