The PNG economy is currently stronger than it has ever been since Independence, with a stable currency, record levels of foreign exchange reserves, inflation hovering @ 3% and base lending rates @ 6%. This reflects the policy of fiscal discipline adopted by the current government. There are currently more than 40 new exploration wells and new mines commissioned (or about to be) at Kainantu, Simberi, Wau and near Madang in the Ramu Valley.
The PNG Gas Pipeline is expected towards the end of 2006. This will likely be the platform for sustained and significant economic growth for PNG during the next 10 years.
The Government of Papua New Guinea offers a number of attractive investment incentives to promote the development of new industries.
Restrictions on foreign investment