Publication: Papua New Guinea Economic Update, March 2023: Unlocking the Economic Benefits of Gender Equality
Date
2023-04-14
ISSN
Published
2023-04-14
Author(s)
World Bank
Abstract
High commodity prices and the removal
of COVID-19 restrictions spurred economic recovery in 2022.
The government continued with fiscal consolidation to
safeguard macroeconomic stability. Higher commodity prices
contributed to higher inflation and stronger external
balances. Economic growth is projected to slow down in 2023
due to lower global demand, supply constraints due to
planned maintenance in extractive facilities and the delayed
reopening of the Porgera gold mine. Further fiscal
consolidation can become more challenging. As a step toward
unleashing these economic benefits, the government can
modernize the Employment Act and address gender-based
violence (GBV) through increased enforcement of commitments
and scaling-up interventions. Successful private sector
initiatives that address GBV at the workplace, providing
anti-harassment training and support services to those
affected by GBV can be scaled-up. Similarly, interventions
supporting women’s employment through targeted outreach,
skilling or access to networks can be sustained and expanded.
Link to Data Set
Citation
“World Bank. 2023. Papua New Guinea Economic Update, March 2023: Unlocking the Economic Benefits of Gender Equality. © Washington DC. http://hdl.handle.net/10986/39692 License: CC BY-NC 3.0 IGO.”