PNG hope amid commodities slump

PAPUA New Guinea’s government plan to launch its first sovereign bond worth a reported $US1 billion could provide some short-term relief for the country’s finances as energy and mining tax revenues are expected to plummet from earlier estimates of PGK1.7 billion ($478.2 million) to PGK300 million for 2015.

PNG hope amid commodities slump PNG hope amid commodities slump PNG hope amid commodities slump PNG hope amid commodities slump PNG hope amid commodities slump

The International Monetary Fund said in mid-November that the slow growth in PNG's non-resource sector underscored the importance of a renewed policy focus on inclusive growth.

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