Papua New Guinea Critical Development Constraints

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Economy of PNG

The Government of Papua New Guinea (PNG) is committed to achieving high and sustained economic growth and improving the social well-being of the country’s population. This vision is highlighted and outlined in the long-term strategic development framework, Papua New Guinea Vision 2050, which notes: “We will be ranked in the top 50 in the United Nations Human Development Index by 2050, creating opportunities for personal and national advancement through economic growth, smart innovative ideas, quality service and ensuring fair and equitable distribution of benefits in a safe and secure environment for all citizens.” This vision may be ambitious, but is achievable if the constraints to economic development are carefully diagnosed and appropriate policies and thrusts can be implemented in the medium and long run.