Work together to fix our economy

FOREIGN entities have seen that Papua New Guinea’s economy is fragile and have held back investing.
They have seen that PNG is
run by criminal cartels using our
politicians and senior public servants.
The question now is, after 46 years of independence, are we still so vulnerable that we continue to make decisions even if it hurts our economy.
Eighty per cent of the population is still practicing subsistence farming for self-survival that doesn’t contribute to our GDP (gross development product).
Local businessmen, politicians and few foreigners who came in as genuine investors, usually transfer millions to invest in the Australian real estate market as well as other countries.
External borrowing is burning like a bush fire annually and
we own less than 20 per cent of shares in the resource extractive industry.
PNG operates on deficit budget annually.
Foreign investors always have confidence in country with steady or sound economy.
Our economy is a laughing stock to the global market because it function under less than 3/10th of US dollar on exchange rate.
We have told the world that Papua New Guinea does not have the capacity to help their trade partners and we meaningless to the world economy.
The only option we have now is to back our Prime Minister James Marape and fight hard to earn more on our export earnings, fight corruption, protect our reserve businesses and involve in agriculture and SMEs.
It is the collective effort to fight for our rights and safe our future.

Gibson Lambea Mai
Ialibu-Pangia Electorate