Central Banking

Education and payments system top priorities in Papua New Guinea

loi-bakani

Speaking at the CIMC National Development Forum last Wednesday, Loi Martin Bakani, the governor of the Bank of Papua New Guinea, laid out the country's economic prospects and outlook for the next five years.

Bakani said the country has enjoyed a decade of economic growth and can expect this to continue. The high growth demonstrated so far in 2011 has been driven by the construction of a major LNG project, and the global demand for the country's primary exports, the governor revealed.

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