United States. Central Intelligence Agency, CIA World Fact Book, 2004 — Papua New Guinea (2004)
“ Papua New Guinea is richly endowed with natural resources, but exploitation has been hampered by rugged terrain and the high cost of developing infrastructure. Agriculture provides a subsistence livelihood for 85% of the population. Mineral deposits, including oil, copper, and gold, account for 72% of export earnings. The economy has faltered over the past four years. ”
United States. Central Intelligence Agency, CIA World Fact Book, 2004 — Papua New Guinea (2004)
“ Challenges face Prime Minister Michael SOMARE, including curbing inflation, gaining further investor confidence, continuing efforts to privatize government assets, maintaining the support of members of Parliament, and balancing relations with Australia, the former colonial ruler. GDP: purchasing power parity - $11.48 billion (2003 est.) GDP - real growth rate: 1.4% (2003 est.) GDP - per capita: purchasing power parity - $2,200 (2003 est.) GDP - composition by sector: agriculture: 34%industry: 37.7%services: 28.3% (2003 est.) ”
United States. Central Intelligence Agency, CIA World Fact Book, 2004 — Papua New Guinea (2004)
“ Former Prime Minister Mekere MORAUTA had tried to restore integrity to state institutions, to stabilize the kina, restore stability to the national budget, to privatize public enterprises where appropriate, and to ensure ongoing peace on Bougainville. The government has had considerable success in attracting international support, specifically gaining the backing of the IMF and the World Bank in securing development assistance loans. ”
