Australia Papua New Guinea Business Council

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Australia Pacific Islands Business Council

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Australia Pacific Islands Business Council

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Bank survey reveals decline in business confidence

Bank survey reveals decline in business confidence

May 5, 2024 | APNGBC BLOG

Recent findings from a survey conducted by the Bank of Papua New Guinea (BPNG) have unveiled a concerning trend of declining business confidence within the country. The revelation was made by Bank of PNG Governor Elizabeth Genia during the presentation of the March...
World Bank urges PNG to address ‘human capital crisis’

World Bank urges PNG to address ‘human capital crisis’

May 5, 2024 | APNGBC BLOG

The World Bank has issued a stark warning to Papua New Guinea, underlining the urgent need to tackle what it describes as a “human capital crisis” plaguing the nation. In its annual economic update released on recently, the World Bank underscored the critical...
Australia pledges nearly $500m for Pacific projects

Australia pledges nearly $500m for Pacific projects

May 5, 2024 | APIBC BLOG

Australia has committed to injecting AUD $492 million into development projects across the Indo-Pacific region, aiming to address pressing needs and foster transformative growth. The pledge, directed towards the Asian Development Fund’s (ADF14) 2025-28 pledging round,...