Papua New Guinea is a country endowed with abundant natural resources. Despite the immense potential, its development record since independence from Australia in 1976 has been rather disappointing. The economy of Papua New Guinea has gone through a series of external shocks, starting with the...

Papua New Guina (PNG) was confronted with economic crisis in 1989 because of the closure of the Bougainville Copper Limited (BCL) mine and a severe slump in world prices of agricultural commpodities. The government of PNG responded in January 1990 with a stabilisation and structural adjustment...