IMF and World Bank Pressure on PNG Government: A Call for Strong Governance and Economic Reform by Samson Komati. Why is World Bank (WB) and International Monetary Fund (IMF) exerting pressure on PNG Government on to executive their conditions? It’s their modus operandi worldwide. They give loans and demand reforms in government and get repaid their loan principals with interests. Is it the world of IMF and WB to fix PNG economy? No! They have no track record of changing a poor country to become middle income or advanced country ever in world history. They are lenders alerting their monies with PNG. They lent us K3.2 million which we could have generated from Porgera Gold Mine had the Prime Minister didn’t force the closure of the operating profitable mine. PNG missed K5 Billion revenue to State coffers last 4 years because of one stupid decision to close it for some idea that we will own Porgera outright. Some political decision by one or two greedy selfis...
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