Structural Adjustment Issues in Papua New Guinea

Abstract

Abstract Poor economic performance and the Bougainville mine closure have focused attention in PNG on the appropriate stabilization package and micro policies necessary to improve the country’s economic prospects. A package of structural adjustment “reforms”, strongly supported by the IMF and World Bank, have been introduced. This paper examines the applicability and desireability of implementing these “reforms”. Our paper suggests that PNG might profitably explore some alternative development options to the ones currently in vogue.

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