Papua New Guinea's economic growth has outpaced the majority of economies in Southeast Asia and the Pacific since 2007. Its development challenges, however, remain daunting, and it lags behind other countries in the region in terms of per capita income and achievement of the Millennium Development Goals. This raises the question of how the country can make its economic growth high, sustained, inclusive, and broad-based to more effectively improve its population's welfare. This report identifies the critical constraints to these objectives and discusses policy options to help overcome such constraints.

On 20 November 2009, the global community celebrates the 20th anniversary of the adoption by the United Nations General Assembly of the Convention on the Rights of the Child, the unique document that sets international standards for the care, treatment and protection of all individuals below age 18. To celebrate this landmark, the United Nations Children's Fund is dedicating a special edition of its flagship report The State of the World's Children to examining the Convention's evolution, progress achieved on child rights, challenges remaining, and actions to be taken to ensure that its promise becomes a reality for all children.

Contains information about the key sectors in Papua New Guinea (PNG), such as LNG and agriculture, as well as investment opportunities and interviews of important politicians and businesspeople.

A source of perennial tension in states is the degree to which decision-making power and authority should be concentrated in central institutions and individuals. At present the conventional wisdom of central-local relations has swung in favour of decentralisation. This book investigates whether such convergence is taking place through detailed examination in Asia-Pacific. The results of the survey reveal a complex picture in which divergence is still evident in the region's patterns of central-local relations.

State-owned enterprises (SOEs) play a significant role in the economy of Papua New Guinea (PNG), as they do in other Pacific countries. They provide a range of essential services, most notably power, water, telecommunications, and transport that are vital to commerce and to the livelihoods of all communities. The performance of the SOEs therefore has an important impact on PNG's ability to achieve inclusive economic growth. This study benchmarks the performance of PNG's SOEs with those of Fiji, the Marshall Islands, Samoa, Solomon Islands, and Tonga; assesses the key drivers of this performance; and identifies successful reform strategies that can guide future policy action. Particular attention is given to the legal, regulatory, governance, and monitoring frameworks of each country, given their known impact on the performance of the SOEs.

Papua New Guinea is poised for change, as the country’s mineral riches are providing a major opportunity for economic development through the exploitation of natural

At the request of the Bank of Papua New Guinea (BPNG), and with the support of the International Monetary Fund’s (IMF’s) Asia and Pacific Department (APD), the Statistics Department (STA) conducted an in-person technical assistance (TA) mission on the compilation of financial soundness indicators (FSIs) during November 14-18, 2022, in Port Moresby. Prior to the mission, the BPNG was compiling and reporting a set of FSIs to STA which are disseminated in the IMF’s FSI data portal. The mission, in collaboration with the BPNG staff, updated the methodologies for compiling FSIs for deposit takers and developed new FSIs for life insurance corporations and pension funds in line with the 2019 FSIs Guide, for reporting to STA. This mission is financed by the Financial Sector Stability Fund (FSSF) FSIs Sub-Module.