A woman fetches water from a stream in Papua New Guinea. The Asian Development Bank wants to prioritize water and other urban infrastructure and services in the Pacific Island country. Photo by: ADB / CC BY-NC-ND

 

Papua New Guinea’s economy is performing strongly owing to higher export commodity prices coupled with sound macroeconomic policies and structural reforms. The influx of investments in mining operations and, recently, in liquefied natural gas production also contributed to the 2.9 percent average growth over the past five years.

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About the author

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Aimee Rae Ocampo

In her role as editor for business insight, Aimee creates and manages multimedia content and cutting-edge analysis for executives in international development. As the manager of Development Insider, Devex's flagship publication for executive members, she is constantly on the lookout for the latest news, trends and policies that influence the business of development.


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