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Topic: Economy of Papua New Guinea


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In the News (Mon 13 Oct 08)

  
  Papua New Guinea - Wikipedia, the free encyclopedia
The Independent State of Papua New Guinea (informally, Papua New Guinea or PNG) is a country in Oceania, occupying the eastern half of the island of New Guinea and numerous offshore islands (the Indonesian provinces of Papua (Indonesian province) and West Irian Jaya (Irian Jaya Barat) occupy the western half of New Guinea).
The country was named in the 19th century; the word "Papua" is derived from a Malay word describing the frizzy Melanesian hair, and "New Guinea" was the name coined by a Spanish explorer because of the population's resemblance to that of Guinea in Africa.
Papua New Guinea is a member of the Commonwealth of Nations and Queen Elizabeth II is the head of state.
en.wikipedia.org /wiki/Papua_New_Guinea   (2095 words)

  
 History of Papua New Guinea
The term "New Guinea" was applied to the island in 1545 by a Spaniard, Ynigo Ortis de Retez, because of a fancied resemblance between the islands' inhabitants and those found on the African Guinea coast.
Papua was administered under the Papua Act until it was invaded by the Japanese in 1941, and civil administration suspended.
Papua New Guinea’s currency, the Kina, has been eroding in value and the pressure on it continues, with capital flight and frustrated development partners (and subsequently reduced aid flows) exacerbating a declining situation.
www.historyofnations.net /oceania/papuanewguinea.html   (1188 words)

  
 Papua New Guinea - Open Encyclopedia   (Site not responding. Last check: 2007-10-22)
Papua New Guinea is a country in Oceania, occupying the eastern half of the island of New Guinea (the other half is the Papua province of Indonesia).
The name of the country was also given in that era; Papua is derived from a Malay word describing the frizzly Melanesian hair, and New Guinea was the name given by a Spanish explorer because of the resemblance with the population of the Guinese in Africa.
Papua New Guinea is a member of the Commonwealth and Queen Elizabeth II is the head of state.
open-encyclopedia.com /Papua_New_Guinea   (1095 words)

  
 Country Information - Papua New Guinea - ADB.org
Papua New Guinea (PNG) comprises a group of islands that includes the eastern half of the island of New Guinea, the second-largest island in the world.
The eastern half of the Island of New Guinea was divided between Germany (north) and the United Kingdom (south) in 1885.
The ability of the economy to generate agricultural growth in the context of declining petroleum output is crucial to economic results in the medium term.
www.adb.org /papuanewguinea/country-info.asp   (1340 words)

  
 Encyclopedia: Papua New Guinea/Economy   (Site not responding. Last check: 2007-10-22)
Papua New Guinea became a participating economy in the Asia-Pacific Economic Cooperation (APEC) Forum in 1993.
Other major sources of aid to Papua New Guinea are Japan, the European Union, the People's Republic of China, the Republic of China, the United Nations, the Asian Development Bank, the International Monetary Fund, and the World Bank.
By mid-1999, Papua New Guinea's economy was in crisis.
www.nationmaster.com /encyclopedia/Papua-New-Guinea/Economy   (1227 words)

  
 Papua New Guinea. The Columbia Encyclopedia, Sixth Edition. 2001-05   (Site not responding. Last check: 2007-10-22)
It encompasses the eastern half of the island of New Guinea, as well as the Bismarck Archipelago, the Trobriand Islands, Samarai Island, Woodlark Island, D’Entrecasteaux Islands, the Louisiade Archipelago, and the northernmost Solomon Islands of Buka and Bougainville.
Papua New Guinea is a wild, rugged region, with limited communications; the climate is tropical.
Papua, the southern section of the country, was annexed by Queensland in 1883 and the following year became a British protectorate called British New Guinea.
www.bartleby.com /65/pa/PapuaNew.html   (505 words)

  
 Papua New Guinea (04/07)
The term "New Guinea" was applied to the island in 1545 by a Spaniard, Íñigo Ortiz de Retes, because of a fancied resemblance between the islands' inhabitants and those found on the African Guinea coast.
Papua was administered under the Papua Act until the Japanese invaded the northern parts of the islands in 1941 and began to advance on Port Moresby and civil administration was suspended.
New governments are protected by law from votes of no confidence for the first 18 months of their incumbency, and no votes of no confidence may be moved in the 12 months preceding a national election.
www.state.gov /r/pa/ei/bgn/2797.htm   (4247 words)

  
 Papua New Guinea IAP Peer Review Study Report - Asia-Pacific Economic Cooperation   (Site not responding. Last check: 2007-10-22)
Papua New Guinea is taking steps to address the use of Ministerial waivers and to limit the use of Certificates of Inexpediency.
Papua New Guinea is encouraged to take action necessary to increase transparency of its laws, regulations and administrative procedures relating to dispute mediation to encourage a secure and predicable business environment.
Although Papua New Guinea is taking steps to amend its immigration policies, the concerns raised by officials during the in-economy visit indicate that it may be difficult for Papua New Guinea to fully implement these policies in the short to medium term.
www.apecsec.org.sg /apec/news___media/fact_sheets/papua_new_guinea_iap.html   (2273 words)

  
 Papua New Guinea Economy
Papua New Guinea is rich in natural resources, including minerals, timber, and fish, and produces a variety of commercial agricultural products.
The economy generally can be separated into subsistence and market sectors, although the distinction is blurred by smallholder cash cropping of coffee, cocoa, and copra.
Papua New Guinea became a participating economy in the Asia-Pacific Economic Cooperation (APEC) Forum in 1993.
traveldocs.com /pg/economy.htm   (1029 words)

  
 APEC Economic Outlook 1999 - Papua New Guinea
By comparison, the building/construction sector contributed significantly to the slump in the level of employment, with a 6.7% decline in the March quarter, 1.2% in the June quarter, a 6.9% decline in the September quarter and 10.7% in the December quarter, resulting in an overall decline of 20.3% in 1998.
The ratio of Papua New Guinea's external debt outstanding to nominal GDP was higher in 1998 due to substantial growth in the stock of debt, which more than offset a growth in nominal GDP.
The Bank of Papua New Guinea is tasked with the goal of promoting monetary stability and a sound financial environment in support of sustainable medium growth of economic activity in the non-mining and non-petroleum private sector.
training.itcilo.it /actrav_cdrom1/english/global/emp/papu.htm   (1421 words)

  
 Economy of Papua New Guinea
Economy - overview: Papua New Guinea is richly endowed with natural resources, but exploitation has been hampered by the rugged terrain and the high cost of developing infrastructure.
Other major sources of aid to Papua New Guinea are Japan, the European Union, the People's Republic of China, the Republic of China, the United Nations, the Asian Development Bank, the International Monetary Fund, and the World Bank.
By mid-1999, Papua New Guinea's economy was in crisis.
www.fastload.org /ec/Economy_of_Papua_New_Guinea.html   (1193 words)

  
 Papua New Guinea: History, Geography, Government, and Culture — Infoplease.com
The eastern half of New Guinea was first explored by Spanish and Portuguese explorers in the 16th century.
New Guinea and some of Papua were invaded by Japanese forces in 1942.
Papua New Guinea: History - History Papua, the southern section of the country, was annexed by Queensland in 1883 and the...
www.infoplease.com /ipa/A0107875.html   (907 words)

  
 Papua New Guinea Economy, Papua New Guinea People, Papua New Guinea Culture and Flag
The flag of Papua New Guinea was officially accepted in the month of June 24, 1971.
Papua New Guinea is opulent with natural resources, like copper, oil and gold, which support the export revenue of the region.
Papua New Guinea is famous for producing and exporting of products based on agriculture, timber, and fish products.
www.mapsofworld.com /country-profile/papua-new-guinea-economy-people-culture-flag.html   (722 words)

  
 Embassy of Papua New Guinea to the Americas, Washington, DC
Papua New Guinea exports mainly minerals and agricultural commodities.
Total exports from Papua New Guinea are valued at more than $US2 billion, major exports being minerals (gold, silver, copper and crude oil), timber, coffee, palm oil, cocoa and copra.
Papua New Guinea has experienced a relatively even balance of trade over the last five years, with exports marginally exceeding imports.
www.pngembassy.org /economy.html   (592 words)

  
 Economy of Papua New Guinea - Wikipedia, the free encyclopedia
Papua New Guinea is richly endowed with natural resources, but exploitation has been hampered by the rugged terrain and the high cost of developing infrastructure.
In 1995, Port Moresby reached an agreement with the International Monetary Fund (IMF) and World Bank on a structural adjustment program, of which the first phase was successfully completed in 1996.
Papua New Guinea is highly dependant on foreign aid.
en.wikipedia.org /wiki/Economy_of_Papua_New_Guinea   (1215 words)

  
 WWF US: Forests of New Guinea - About Papua New Guinea
While New Guinea not usually associated with grasslands and flooded savannas, this island carpeted in lush rainforests is also flanked along its south coast by important monsoonal savannas and forests.
New Guinea's forests harbor as many as 11,000 species of plants, about 60 percent of which are found only in these forests.
Threats to the forests of New Guinea are numerous.
www.worldwildlife.org /expeditions/newguinea/about.cfm   (723 words)

  
 Papua New Guinea
Papua New Guinea is a federal multiparty parliamentary democracy.
New elections in those districts, financed by Australia and accompanied by very little violence, were held successfully in April 2003.
The national youth wage, for new entrants into the labor force between 16 and 21 years of age, was set at 75 percent of the adult minimum wage.
www.state.gov /g/drl/rls/hrrpt/2005/61623.htm   (4963 words)

  
 Papua New Guinea Tourism Promotion Authority - PNG Tourism News December 2003
Lying barely south of the equator, Papua New Guinea is the biggest island in the Pacific and is 160 kilometers north of Australia.
The 5,190,786 people that inhibit Papua New Guineas total land area of 470,000 square kilometers are mostly of Melanesian origin with traces of Polynesians and Micronesians in parts of the coastal provinces.
Papua New Guineans pride in their countrys wild beauty, breathe taking landscapes, and fascinating flora and fauna, including some of the worlds most rear species of bird, such as the Bird of Paradise PNGs proud national symbol.
www.pngtourism.org.pg /news/newsletters/newsletterdec.htm   (2268 words)

  
 Bankintroductions.com - PAPUA NEW GUINEA
In Bougainville, Papua New Guinea in 1988, civil war broke out over ownerhsip of the Giant mine which was a major contributor to PNG's economy.
The PNG economy is currently starting to slowly improve as water levels in the Fly river are now okay thus aiding the export of copper ore concentrate.
When compared to regional currencies such as the New Zealand dollar trading at 54 US cents and the Australian dollar presently at 58 US cents, the kina should trade in a range that is at a discount of say 25 percent to these larger more mature and wealthier economies.
www.bankintroductions.com /papua.html   (1590 words)

  
 PAPUA NEW GUINEA ORCHID NEWS
Papua New Guinea lies entirely within the tropics, just south of the equator, and 160km to the north of Australia.
Papua New Guinea has a total population of almost 4 million people, comprised mainly of Melanesian race with dark skin, fuzzy hair and friendly smiles.
Papua New guinea became the 142nd member of the United Nations on October 10, 1975, and is also a member of the British Commonwealth.
www.orchidspng.com /orchid_links_png2.html   (1422 words)

  
 Economy Of Papua New Guinea   (Site not responding. Last check: 2007-10-22)
If you would like to use this flag of Papua New Guinea or any other on your website you are welcome to do so, all we ask is that you include a link back to our site on the same page.
If you would like to use this map of Papua New Guinea or any other on your website you are welcome to do so, all we ask is that you include a link back to our site on the same page.
If you would like to use this information for Papua New Guinea or any other on your website you are welcome to do so, all we ask is that you include a link back to our site on the same page.
www.appliedlanguage.com /country_guides/papua_new_guinea_country_economy.shtml   (448 words)

  
 BBC NEWS | World | Asia-Pacific | Country profiles | Country profile: Papua New Guinea
Papua New Guinea is situated on the world's second largest island, prey to volcanic activity, earthquakes and tidal waves.
Papua New Guinea had to deal with separatist forces of its own on the island of Bougainville in the 1990s.
Radio is an important medium in Papua New Guinea, a country with widely-scattered, isolated settlements and low levels of literacy.
news.bbc.co.uk /1/hi/world/asia-pacific/country_profiles/1246074.stm   (599 words)

  
 Papua New Guinea on Encyclopedia.com   (Site not responding. Last check: 2007-10-22)
Wife beating and modernization: the case of Papua New Guinea.
Papua New Guinea elementary teacher education: mixed mode teacher training for 16 000 village teachers.
Papua New Guinea Prime Minister Sir Michael Somare arrives at the Chilean presidential palace for the last session of annual summit meetings of APEC
www.encyclopedia.com /html/P/PapuaN1ew.asp   (527 words)

  
 "Papua New Guinea,Tourism, Business Directory, Flight schedules,Tourism,Forum,Photos"
Arguably one of the most spectacularly beautiful countries on earth Papua New Guinea is situated to the near north of Australia and comprises the eastern half of the world’s largest island.
Separated from The Indonesian state of West Papua, along the 141st meridian this young nation stretches into the Pacific Ocean and is bordered by the Coral Sea in the South and Micronesia to the North.
Kina is the local currency used in Papua New Guinea and anyone travelling to the country should obtain some kina prior to travelling to PNG to be on the safe side.
www.pngbd.com   (1574 words)

  
 Official Web Site of the Prime Minister of Papua New Guinea   (Site not responding. Last check: 2007-10-22)
It is an example that I hope more and more Papua New Guinea companies are prepared to accept, follow, and support for short and long term programmes designed to generate economic recovery, stability and growth throughout our nation.
Papua New Guinea cannot wait and rely on one or two major projects to change the course of our day-to-day lives.
Like many Governments, we in Papua New Guinea have come to realise that business and private enterprise is better equipped to own and manage assets and business enterprises than through a Government system.
www.pm.gov.pg /pmsoffice/pmsoffice.nsf/pages/38F14959CE7E58084A256D51001A0AB8?OpenDocument   (1750 words)

  
 BBC - h2g2 - Papua New Guinea
Papua New Guinea is one of the most unique and diverse countries that can be found in the world.
Situated between Indonesia on the west, Australia on the south, and the culturally colourful Pacific islands on the north and east, Papua New Guinea (PNG) is a beautiful conglomeration of peoples and cultures.
Papua New Guinea is a land of adventure and beauty, and is easily identifiable by the characteristics presented above.
www.bbc.co.uk /dna/h2g2/A315866   (766 words)

  
 ABC Country Book of Papua New Guinea - economy Flag, Map, Economy, Geography, Climate, Natural Resources, Current ...
Papua New Guinea is richly endowed with natural resources, but exploitation has been hampered by the rugged terrain and the high cost of developing an infrastructure.
Robust growth in 1991-92 was led by the mining sector; the opening of a large new gold mine helped the advance.
At the start of 1995, Port Moresby is looking primarily to the exploitation of mineral and petroleum resources to drive economic development but new prospecting in Papua New Guinea has slumped as other mineral-rich countries have stepped up their competition for international investment.
www.theodora.com /wfb/papua_new_guinea_economy.html   (367 words)

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