Aust completes K1 bil loan processing
AUSTRALIAN High Commissioner Bruce Davis hosted Prime Minister James Marape and some members of Cabinet to mark the completion of the Australian Government’s K1 billion loan to PNG.
A statement from the high commission said the loan “will help the Government put its budget on a more sustainable trajectory, assist in the delivery of core government services and support long-term economic reforms”.
“The loan assistance builds on the two countries’ strong economic partnership, which includes support for economic reform.
“It will also benefit PNG and Australian businesses by supporting greater access to foreign exchange.”
2 comments
Thank you Australia.
God Bless You!
Really? Is this a loan that will help PNG’s long-term economic reform??????? Fuck off this is an IMF loan, which basically means we have just been screwed in the guise of economic reform.
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