Navigating turbulent waters : addressing looming policy challenges for revived growth and improved living standards

Papua New Guinea's (PNGs) economy has slowed from the very strong growth rates of recent years, as construction of the PNG liquefied natural gas (LNG) facility nears completion and export prices weaken, weighing on domestic activity. The depreciating Kina is cushioning PNG's economy from weaker export prices and slowing domestic demand by supporting farmers' and exporters' incomes and improving PNG's competitiveness. The government is trying to...