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Fifty years on, PNG's founding economic promise remains unmet
In 1972, as Papua New Guinea prepared for self-government, its first Chief Minister Michael Somare tabled a document that would become the moral compass of the new state’s economic policy. The Eight Point Plan promised something rare among newly independent states: development on Papua New Guinea’s own terms, driven by its own people rather than dictated by foreign capital. It called for local…
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RETHINKING DEVELOPMENT GOALS
By Dr Joseph Ketan A quick glance at our recent history will tell you that there are certain things that you would have done it differently if you had your time over again. Time, however, does not stop or rewind backwards, although history tends to repeat itself over and over again. Opportunities for both individuals and countries come once in a while, but once lost, they are irretrievably gone.…
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Medium Term Development Plan IV 2023-2027
Foreword By Prime Minister It is my honor as Prime Minister, to introduce Papua New Guinea’s Medium Term Development Plan IV 2023-2027. The MTDP IV has been framed to incorporate the Government’s development agenda to grow the economy to K200 billion by 2030, double country’s internal revenue, double exports revenue, and create one million new jobs. We will continue to pursue our aspiration to…
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