Publication: Managing Resource-Induced Volatility in Papua New Guinea: Some Issues for Discussion
Date
2010-03-03
ISSN
Published
2010-03-03
Author(s)
Izvorski, Ivailo
Ollero, Tony
Abstract
This report reviews developments in
Papua New Guinea (PNG) since independence, and looks at the
issues relevant for saving and managing natural resources
and resource induced volatility. These issues could serve as
a useful basis for discussion of options the government of
PNG could pursue as it emerges from the economic and
financial crisis and looks forward to the start of operation
of the PNG liquified natural gas (LNG) project. Although the
wealth of international experience suggests several key
areas for the attention of the authorities, many issues can
be addressed only on the basis of detailed projections about
future resource flows and investment outlays. Whether the
rules will prove effective will also depend on other steps
to enhance the fiscal framework. The World Bank can provide
more detailed analysis, expertise and recommendations
should such data become available.
Citation
“Izvorski, Ivailo; Ollero, Tony. 2010. Managing Resource-Induced Volatility in Papua New Guinea : Some Issues for Discussion. © World Bank, Washington, DC. http://openknowledge.worldbank.org/handle/10986/27727 License: CC BY 3.0 IGO.”