UK business forum hears about stability, growth in PNG

2:54 pm on 18 June 2015

Papua New Guinea's Prime Minister Peter O'Neill and several of his ministers have attended the inaugural United Kingdom - PNG Trade and Investment Forum in London.

Papua New Guinea Prime Minister Peter O'Neill at the UK-PNG Trade and Investment Forum.

Papua New Guinea Prime Minister Peter O'Neill at the UK-PNG Trade and Investment Forum. Photo: Supplied

More than 300 business leaders, from Britain, continental Europe and the United States, converged on the forum to be briefed on investment opportunities and economic growth in PNG.

In his keynote address to the forum, Mr O'Neill said PNG offers them stability, responsible management and growth.

He said that underpinning PNG's recent economic growth are core policies that relate to free education, universal healthcare, improved law and order, and infrastructure development.

Governor of Papua New Guinea's Central Bank, Loi Bakani.

Governor of Papua New Guinea's Central Bank, Loi Bakani. Photo: Supplied

PNG's Central Bank Governor Loi Bakani also spoke to the forum to give insights on the management of the formal economy.

Mr O'Neill said the Central Bank has made tough decisions to ensure inflation is manageable, exchange rates are not subject to large fluctuations and interest rates continue to remain stable.

Audience at the inaugural United Kingdom - Papua New Guinea Trade and Investment Forum in London.

Audience at the inaugural United Kingdom - Papua New Guinea Trade and Investment Forum in London. Photo: Supplied