Papua New Guinea governor to tackle high liquidity

loi-bakani

The governor of the Bank of Papua New Guinea, Loi Bakani, has told CentralBanking.com that he is moving to tackle a build-up of liquidity in the economy due to the success of a major gas project.

The central bank projects GDP to grow in line with the government's forecast of 9.9% during 2012 and Bakani attributes the high growth rate to a liquefied natural gas (LNG) construction project, which is currently reaching its peak in terms of output.

Bakani said the success of the project is causing

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